Vossloh AG

VOS

Equity

ISIN DE0007667107 / Valor 352791

Xetra (2024-12-23)

EUR 42.80+0.82%

Vossloh AG
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About company

Vossloh AG is a leading global rail technology company, with rail infrastructure as its core business. The company offers integrated solutions for rail networks worldwide, contributing to safe, sustainable, and environmentally friendly mobility for both passengers and goods. Vossloh specializes in signalling systems, turnout technology, rail fastening systems, and the manufacturing of pre-stressed concrete railroad ties and turnout ties. The company also provides logistics services for the delivery of long rails and switch systems to track construction sites, as well as welding services. Vossloh's focus on innovation and customer satisfaction ensures the development of technical standards and customized solutions for various applications and climate zones in the rail industry.

Summarized from source with an LLMView SourceSector: Industrials

Record Sales in 2023

Vossloh AG achieved a remarkable sales growth of 16.1% in 2023, reaching a new all-time high with group sales amounting to €1,214.3 million. The significant contribution from the German market, which saw nearly 40% growth, played a crucial role in this achievement.

EBIT Growth

The Vossloh Group's EBIT for the financial year 2023 was €98.5 million, marking a substantial increase of 26.2% compared to the previous year. This performance significantly exceeded the initial expectations set for the year, with EBIT figures landing at the upper end of the last revised guidance in October 2023.

Improvement in Free Cash Flow

In 2023, Vossloh AG saw a significant improvement in free cash flow, which increased to €70.9 million despite higher capital expenditures. This improvement was primarily due to a notably lower increase in working capital compared to the previous year, aided by the contributions from the Cash4Growth working capital program initiated in spring 2023.

Dividend Proposal

Reflecting the positive financial performance in 2023, Vossloh AG's Executive Board and Supervisory Board will propose a dividend of €1.05 per share at the upcoming Annual General Meeting, an increase from the €1.00 per share distributed the previous year.

2024 Financial Outlook

Looking ahead to 2024, Vossloh AG anticipates generating sales revenues between €1.16 billion and €1.26 billion. The company expects a further increase in EBIT, projecting it to be in the range of €100 million to €115 million, corresponding to an EBIT margin between 8.3% and 9.5%.

Summarized from source with an LLMView Source

Key figures

2.27%1Y

-3.71%3Y

17.4%5Y

Performance

21.2%1Y

24.1%3Y

29.2%5Y

Volatility