Vossloh AG Shareholders Approve Dividend Increase and Other Resolutions at Annual General Meeting

On May 15, 2024, Vossloh AG conducted its Annual General Meeting in Düsseldorf, during which shareholders ratified all resolutions presented by the company's management with a substantial majority. The meeting underscored the company’s robust performance in the financial year 2023 and optimistic forecasts for 2024. CEO Oliver Schuster highlighted significant milestones such as the launch of the digital platform Vossloh connect and robust financials despite prevailing global crises.

Vossloh reported a rise in sales revenue to €1.21 billion in 2023, up 16.1% from 2022, and an EBIT increase of 26.2% to €98.5 million. The company’s free cash flow also saw a notable increase, more than doubling to €70.9 million. The management attributes these results to Vossloh’s resilient and innovative business model.

The meeting also ratified a dividend of €1.05 per share, up from €1.00 in the previous year. Looking at the start of 2024, CFO Dr. Thomas Triska reported continuing financial improvement with significant growth in both sales and EBIT. Additionally, shareholders approved measures aimed at supporting future growth, including issuing convertible bonds and stock buybacks.