EQS-News

Vossloh achieves record sales and significant increase in EBIT in the 2023 financial year - Seite 3

Customized Modules achieved new sales record

Orders received remained at a high level at €524.1 million, but did not quite reach the previous year's historic high of €563.3 million. The order backlog at the end of 2023 amounted to €461.3 million after €488.1 million at the previous year's reporting date. Sales revenues in the Customized Modules division increased significantly during the reporting period by €81.3 million to €537.4 million (previous year: €456.1 million), a new all-time high. Higher sales revenues, particularly in Italy, Serbia and Germany, contributed to the increase. EBIT rose by 14.8% to €42.7 million (previous year: €37.1 million).

Lifecycle Solutions with significant increase in sales

Orders received during the 2023 reporting period amounted to €175.5 million, noticeably exceeding the previous year's figure of €162.3 million. At €40.8 million, the order backlog at the end of 2023 was up on the previous year's figure of €37.5 million. Sales revenues in the Lifecycle Solutions division also increased, rising by 20.3% to €163.5 million and thus reaching an all-time high. Germany and the Netherlands in particular saw a significant increase in revenue. A framework agreement with Deutsche Bahn for preventive rail maintenance (High Speed Grinding) and the Track Supply subsegment contributed to this. The division's EBIT amounted to €11.6 million in the reporting year (previous year: €11.5 million).

EU taxonomy figures confirm Vossloh's sustainable business model

The EU Taxonomy Regulation is applied for the third time in the 2023 financial year. According to this standardized classification system for environmentally sustainable economic activities, 100% of Vossloh's sales revenues were again classified as taxonomy-eligible. 63% (previous year: 64%) were assessed as taxonomy-aligned and thus as ecologically sustainable activities. Vossloh is one of the best business enterprises in Germany in both categories.

Employees

During the 2023 financial year, the average number of employees in the Vossloh Group amounted to 3,999 (previous year: 3,794), with the number of employees increasing in all divisions.

Outlook for the year 2024

From today's perspective, the Executive Board of Vossloh AG expects to be able to generate sales revenues of between €1.16 billion and €1.26 billion in the current financial year. Overall positive market demand will therefore mean that the high sales level - based on the mid-point of the guidance - can be kept more or less stable, despite the completion of major projects for new lines. With regard to the operating result, Vossloh expects a further increase in EBIT in a corridor of €100 million to €115 million. Based on the mid-point of the sales guidance, this results in an EBIT margin of between 8.3% and 9.5%.