Vossloh AG Announces Record Sales and EBIT Growth for 2023

Vossloh AG reported an exceptional performance in the 2023 financial year, achieving notable growth in sales, EBIT, and free cash flow. The company’s sales surged by 16.1%, totaling €1,214.3 million, marking a new record. The increase in earnings before interest and taxes (EBIT) was significant at 26.2%, reaching €98.5 million.

The company also saw a slight uptick in orders received, amounting to €1,217.4 million, and a substantial doubling of its free cash flow to €70.9 million. Vossloh has proposed a dividend increase to €1.05 per share, up from the previous year's €1.00 per share.

Looking ahead to 2024, Vossloh is optimistic, projecting an EBIT range between €100 million and €115 million. The company's successful performance is credited to its technological leadership and a diverse, high-quality product and service portfolio. Additionally, Vossloh emphasized its sustainable business model, with 63% of its sales revenues classified as ecologically sustainable under the EU Taxonomy Regulation.

Product divisions including Core Components and Customized Modules saw considerable sales growth and profitability, contributing to the company's overall success. Financial year 2023 also recorded an increase in Vossloh’s workforce, emphasizing the company's growth and expansion.