Vossloh Reports Strong Performance in Q1 2024 with Increased Sales and EBIT

Vossloh AG has announced robust financial results for the first quarter of 2024, revealing significant growth in sales and Earnings Before Interest and Taxes (EBIT). Sales reached €268.8 million, marking a 4.9% increase year-over-year and setting a new record for the highest sales in an opening quarter for the company. Meanwhile, EBIT surged by 27.4% to €17.9 million, enhancing the EBIT margin from 5.5% to 6.7%.

The company also reported a notable increase in orders received, accumulating €350.1 million during the period, which exceeds the sales and reflects a positive outlook. Net income doubled, and earnings per share rose significantly from 7 cents to 39 cents. Additionally, Vossloh's net financial debt saw a reduction of 12.5%, emphasizing an improved financial position with an equity ratio of 46.9%.

CEO Oliver Schuster expressed optimism based on these results, citing efficient operations and a strong market position. He anticipates continued growth in sales and profitability for 2024, supported by stable order volumes and a promising market outlook.