2023 fiscal year: Vossloh AG ‘look ahead with great confidence’
Vossloh AG’s Annual General Meeting convened today in Düsseldorf, with CEO Oliver Schuster reflecting on the company’s achievements in the 2023 fiscal year. Overall, we have every reason to look ahead with great confidence,” emphasised Dr. Thomas Triska, CFO of Vossloh AG.
Despite global crises, Vossloh reported robust financial performance, marking a significant increase in sales revenues to 1.21 billion euros, a 16.1 per cent surge from the previous year. Earnings before interest and taxes (EBIT) rose by 26.2 per cent to 98.5 million euros, while free cash flow doubled to 70.9 million euros.
Schuster attributed Vossloh’s success to its forward-thinking business model and unique market position. He highlighted the company’s evolution from a product supplier to a comprehensive rail track system provider, leveraging digital analytics and track expertise.
The fiscal year 2024 commenced on a positive note, with Vossloh witnessing further improvements across key financial metrics compared to the same period last year. Order intake reached a record 350.1 million euros, with sales revenues climbing 4.9 per cent to 268.8 million euros. EBIT for the first quarter of 2024 stood at 17.9 million euros, up 27.4 per cent from the previous year.
At the Annual General Meeting, shareholders overwhelmingly approved all proposed resolutions, including a dividend of 1.05 euros per share, amounting to a total payout of 18.4 million euros. Additionally, shareholders granted authorization for future financing instruments such as convertible bonds. The approval for the company’s share buyback initiative also received significant support.
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