Vossloh Achieves Record Orders as Profitability Climbs

Vossloh AG reported a positive business trajectory for the first nine months of 2024, driven by record orders totaling €1,025.7 million. This represents an 8.5% increase from the previous year. Despite a drop in sales revenues to €859.6 million from last year’s €925.9 million, the EBIT margin rose to 9.0%. The company's net income soared to €56.6 million, aided by reduced tax and interest expenses.

The Core Components division faced a fall in orders to €414.0 million due to reduced demand in Mexico. Nevertheless, profitability improved with an EBIT margin increase to 15.3%. The Customized Modules division saw a 27.6% increase in orders, reaching an EBIT of €40.5 million. Lifecycle Solutions also excelled, with sales revenues climbing 22.3% to €148.4 million.

Looking ahead, Vossloh expects stable sales revenues between €1.16 billion and €1.26 billion. Planned acquisitions, including Sateba, indicate a strategic focus on expanding their market foothold. The financial outlook remains optimistic despite potential transaction costs.