VOSSLOH


Associated tags: Vossloh

Locations: EUROPE, AUSTRALIA, CHINA, EGYPT, PORTUGAL, TURKEY, CANADA, MEXICO, DENMARK, NETHERLANDS, GERMANY, USA, SERBIA, ITALY, ISRAEL, POLAND, NORTH AMERICA, EUROPA, DEUTSCHLAND, DEUTSCHLAND

EQS-News: Vossloh extends contract of CEO Oliver Schuster until 2030

Retrieved on: 
Wednesday, April 10, 2024

The Supervisory Board of Vossloh AG extended the contract of Oliver Schuster as Chief Executive Officer of Vossloh AG by a further five years until February 28, 2030.

Key Points: 
  • The Supervisory Board of Vossloh AG extended the contract of Oliver Schuster as Chief Executive Officer of Vossloh AG by a further five years until February 28, 2030.
  • Under his management, the company has grown significantly faster than the market in recent years, while at the same time steadily increasing its profitability.
  • "Under the management of Oliver Schuster, the Vossloh Group has undergone an extremely positive development.
  • "By extending his contract, we honor his outstanding achievements and are convinced that the Vossloh Group will successfully continue its course of sustainable and profitable growth under his leadership."

EQS-News: Vossloh achieves record sales and significant increase in EBIT in the 2023 financial year

Retrieved on: 
Wednesday, April 10, 2024

Vossloh can look back on an extremely successful financial year 2023, which was characterized by significant sales growth, a substantial increase in EBIT and a considerable improvement in free cash flow.

Key Points: 
  • Vossloh can look back on an extremely successful financial year 2023, which was characterized by significant sales growth, a substantial increase in EBIT and a considerable improvement in free cash flow.
  • Vossloh achieved a remarkable sales growth of 16.1% in 2023 and reached a new all-time high in the rail infrastructure business with group sales of €1,214.3 million.
  • The home market of Germany made a significant contribution to the increase with sales growth of almost 40%.
  • The Vossloh Group's EBIT reached €98.5 million in the year under review, representing a significant increase of 26.2%.

EQS-News: Vossloh concludes sustainability-linked syndicated loan at attractive conditions

Retrieved on: 
Wednesday, March 13, 2024

Vossloh AG has signed a syndicated loan agreement that replaces an existing loan agreement from 2017.

Key Points: 
  • Vossloh AG has signed a syndicated loan agreement that replaces an existing loan agreement from 2017.
  • The new syndicated loan of
    €240 million has been structured as a revolving credit line so that the funds can be drawn flexibly and as needed.
  • Dr. Thomas Triska, CFO of Vossloh AG: "The successful refinancing of our syndicated loan at attractive conditions reflects the strength and confidence that Vossloh enjoys in the financial world, not least after the great operational successes of recent years.
  • The new syndicated loan agreement provides the means to successfully implement our strategy in this attractive market environment and to create added value for our shareholders."

EQS-News: Vossloh expands cooperation with Deutsche Bahn

Retrieved on: 
Wednesday, December 13, 2023

By signing a four-year framework agreement with Deutsche Bahn in the Customized Modules division, Vossloh is further expanding its market position in Germany.

Key Points: 
  • By signing a four-year framework agreement with Deutsche Bahn in the Customized Modules division, Vossloh is further expanding its market position in Germany.
  • Over the next four years, Vossloh will supply a total of at least 600 switches to Deutsche Bahn.
  • Deutsche Bahn is currently renewing its rail network as part of a comprehensive modernization program and is building more than ever before.
  • A few days ago, Vossloh and Deutsche Bahn jointly organized an "Innovation Day" at Vossloh AG's headquarters in Werdohl with the aim of exchanging ideas and further intensifying cooperation.

EQS-News: Vossloh Aktiengesellschaft: Vossloh continues strong business development also in third quarter of 2023

Retrieved on: 
Thursday, October 26, 2023

The order backlog as of September 30, 2023 amounts to €782.0 million (previous year: €814.6 million).

Key Points: 
  • The order backlog as of September 30, 2023 amounts to €782.0 million (previous year: €814.6 million).
  • "I am very pleased that we again achieved excellent results in the third quarter, some of which exceeded our own expectations.
  • As of September 30, 2023, equity reached a level of €636.3 million (previous year reporting date: €625.0 million).
  • At €437.3 million, the order backlog as of September 30, 2023, is slightly below the prior-year figure of €455.4 million.