Vossloh Embarks on Growth Path Despite Subdued Confidence for 2024

The German rail and transportation technology specialist Vossloh is cautiously optimistic about the future. The company, whose shares are traded in the SDax, expects revenues to increase to between 1.16 and 1.26 billion euros for the year 2024, as announced from Werdohl. The forecast for earnings before interest and taxes (EBIT) is estimated to be in the range of 100 to 115 million euros. This would, relative to the targeted revenue, correspond to an EBIT margin of 8.3 to 9.5 percent, which would mean Vossloh would operate even more profitably compared with the results of the previous year. The fiscal year 2023 was already very positive for the group: Sales increased by 16.1 percent to 1.21 billion euros compared to the previous year, while operating profit improved by more than a quarter to 98.5 million euros. This also led to an increase in the EBIT margin from 7.5 percent in the previous year to now 8.1 percent. Despite the successes, the company had to accept a slight decline in net profit attributable to shareholders – from 41.7 million euros to 38.7 million euros, which is due to increased tax burdens. Regardless, the management plans to raise the dividend from 1.00 euro to 1.05 euros, underscoring the confidence in a stable future development.