Vossloh Achieves Record Orders and Profitability Increase in H1 2024

Werdohl, July 25, 2024. Vossloh Group recorded a significant performance in the first half of 2024, with orders increasing by 11.7% to €769.6 million compared to the same period last year. Despite a 6.6% drop in sales revenues to €560.9 million, due to lower contributions from Chinese projects, the EBIT margin improved from 8.2% to 8.8% with stable EBIT at €49.5 million.

The group's net income surged from €29.4 million to €40.1 million, largely due to reduced tax expenses. Vossloh's equity rose by 5.5% year-on-year to €660.3 million, while net financial debt increased slightly to €247.0 million. Free cash flow is expected to improve in the second half of 2024.

The Core Components division experienced a decline in orders and sales but maintained EBIT at €33.8 million with improved margins. Customized Modules saw a notable rise in orders to €361.3 million, although sales dipped slightly, and EBIT edged up to €22.5 million. Lifecycle Solutions boosted both sales and EBIT significantly due to positive traction in various regions.

CEO Oliver Schuster attributed the success to strategic foresight and strong customer relationships. Vossloh confirms its sales and EBIT outlook for 2024, projecting continued profitability and growth.