EQS-News

Vossloh with renewed sales growth and significant EBIT increase in the opening quarter of the 2024 financial year

EQS-News: Vossloh Aktiengesellschaft / Key word(s): Quarterly / Interim Statement Vossloh with renewed sales growth and significant EBIT increase in the opening quarter of the 2024 financial year 25.04.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Vossloh with renewed sales growth and significant EBIT increase in the opening quarter of the 2024 financial year

• Sales rise to the highest level in an opening quarter of €268.8 million
• EBIT improves by 27.4 percent to €17.9 million
• Orders received significantly exceed Sales and rise to €350.1 million
• Net income and Earnings per share more than doubled
• Outlook for 2024 confirmed, noticeable increase in earnings and profitability expected

Werdohl, April 25, 2024. Vossloh has made an extremely successful start into the 2024 financial year. Improvements were realized in all key financial indicators compared to the previous year. Orders received of €350.1 million (previous year: €344.9 million) exceeded the very high level of the previous year. The Order backlog as of March 31, 2024 reached €804.1 million and thus remains well above the historical average. The Book-to-bill ratio, which reflects the ratio of Orders received to Sales revenues, reached a high figure of 1.30 in the reporting period.

The Group’s Sales revenues in the first quarter of 2024 increased by 4.9 percent year on year to €268.8 million (previous year: €256.3 million). Vossloh thus achieved the highest sales figure in the infrastructure business within an opening quarter over the course of the company's history. All divisions contributed to the positive development to varying degrees, with the Customized Modules division recording the highest absolute sales growth. EBIT reached €17.9 million in the first quarter of the current year, an increase of 27.4 percent. The EBIT margin improved from 5.5 percent to 6.7 percent. Net income has more than doubled compared to the previous year, increasing from €4.8 million to €10.6 million. Earnings per share amounted to 39 cents per share (previous year: 7 cents per share).