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Vossloh Annual General Meeting approves all proposed resolutions by a large majority

EQS-News: Vossloh Aktiengesellschaft / Key word(s): AGM/EGM Vossloh Annual General Meeting approves all proposed resolutions by a large majority 15.05.2024 / 14:49 CET/CEST The issuer is solely responsible for the content of this announcement. Vossloh Annual General Meeting approves all proposed resolutions by a large majority

• Review of an extremely successful financial year 2023
• Further improvement in earnings and profitability expected for 2024
• Dividend of €1.05 per share (previous year: €1.00) resolved

Werdohl, May 15, 2024. Vossloh AG today held its Annual General Meeting as a physical event in Düsseldorf. CEO Oliver Schuster looked back on selected aspects of the company's successful development in the past financial year 2023. In addition to product and technology innovations, digital-based solutions played a central role, such as the market launch of the cloud-based digital platform Vossloh connect. Vossloh is not only part of the transformation of the rail industry, but is actively shaping it.

Despite adverse conditions due to numerous crises around the world, Vossloh achieved excellent results in the 2023 financial year. The Group was able to increase its Sales revenues compared to the previous year , at €1.21 billion, and exceeded the sales record from 2022 by 16.1 percent. EBIT even increased by 26.2 percent to a remarkable €98.5 million and Free cash flow more than doubled from €27.9 million to €70.9 million. Schuster sees the decisive reason for the company's successful development in its forward-looking, sustainable and crisis-resistant business model as well as in Vossloh's unique positioning: "Through the increased use of digital analysis processes and our unique understanding of track, we have evolved from a pure supplier of high-quality products and services to a system house for the rail track and holistic problem solver for our customers," Oliver Schuster made clear in his speech, adding: "This will enable us to benefit from new business models and further differentiate ourselves from our competitors."