Added to YB: 2026-08-17
Pitch date: 2026-08-13
V1NC.DE [neutral]
Vincorion SE
+3.83%
current return
Author Info
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Company Info
Vincorion SE develops and manufactures power and mechatronic solutions for defense platforms and aviation systems in Germany and internationally.
Market Cap
EUR 1.1B
Pitch Price
EUR 21.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
21.14
P/E
42.01
EV/Sales
4.28
Sector
Aerospace and Defense
Category
growth
Vincorion (V1NC Germany): Defence ramp-up pushes revenue towards the top of guidance
V1NC.DE (update): German defence supplier. H1 rev +42% to €150.2m (Vehicle Systems +72%, Power Systems +41% on PATRIOT/IRIS-T). Adj EBIT €28.4m, margin 18.9% (-140bp on capacity/R&D). FCF -€6m on ramp. Order intake €330m (4x YoY), backlog €1.2bn (~4x 2026 guide). 2026 rev guide €280-320m, sales towards top end.
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