EQS-News

Vossloh with renewed sales growth and significant EBIT increase in the opening quarter of the 2024 financial year - Seite 2

At the same time, the Vossloh Group's net assets and financial position also developed very positively. Equity increased by 3.7 percent year on year to €649.8 million (previous year: €626.3 million). The Equity ratio of 46.9 percent was thus even higher than the previous year's high level of 44.5 percent. Net financial debt including lease liabilities totaled €239.2 million as of the reporting date of March 31, 2024. Compared to the previous year's reporting date (March 31, 2023: €273.4 million), this represents a significant improvement of €34.2 million or 12.5 percent.

Oliver Schuster, CEO of Vossloh AG: "The excellent results, we achieved in the opening quarter of the 2024 financial year, are another chapter in our success story. Despite persistently challenging conditions, we have once again demonstrated our efficiency. Sales revenues reached a new record level and the positive earnings trend of recent years is continuing. On this basis and thanks to pleasing orders received as well as a promising market outlook, we are looking into the future with great confidence."

Core Components with significant EBIT increase

Orders received by the Core Components division in the first quarter of 2024 were again at a high level of €161.5 million (previous year: €166.2 million). At the end of the reporting period, the Order backlog of the division totaled €305.3 million (March 31, 2023: €327.5 million). In terms of Sales revenues, the Core Components division maintained the previous year's high level and generated €115.8 million (previous year: €115.1 million). While Sales revenues in the Fastening Systems business unit fell slightly from €79.2 million in the previous year to €74.4 million, Sales revenues in the Tie Technologies business unit increased by 9.1 percent from €41.7 million to €45.5 million. The Core Components division significantly increased its EBIT from €12.4 million to €17.8 million in the first quarter of 2024. The EBIT margin climbed from 10.8 percent in the previous year to 15.4 percent. Both business units contributed to the significant improvement in earnings and profitability.