- Successful financial year 2024 and full order books
- Dividend increased to € 1.10 per share
- Change in the Supervisory Board: Frank Markus Weber succeeds Ulrich M. Harnacke
- Shareholders approve all proposed resolutions by a large majority
With order books full, Vossloh AG regards itself as ideally positioned for the coming years. At the company's Annual General Meeting in Düsseldorf on Wednesday, CEO Oliver Schuster presented the figures for the past fiscal year. At €1.21 billion, turnover in 2024 was once again at the same high level as the previous year. EBIT exceeded the €100 million mark for the first time in more than ten years and amounted to €105.2 million, with the EBIT margin climbing to 8.7%. Incoming orders rose by 12.1% and reached a record level of €1.36 billion. The year ended with an order backlog of €836 million. The positive trend has continued since then. At the end of the first quarter of 2025, the order backlog amounted to €926 million, an all-time high.
“This is a great basis for Vossloh’s future development,” said Schuster. Intensive investments are being made worldwide in rail as a mode of transportation, and this represents an enormous opportunity for Vossloh. “Network operators now need strong partners at their side who can support them with international experience, a comprehensive understanding of the system and a great deal of innovative strength in realizing the transport transition.”
“Vossloh is in an excellent position,” said CFO Dr. Thomas Triska at the detailed presentation of the results. “The start to the 2025 financial year went according to plan overall. In terms of EBIT and the EBIT margin, we are even slightly better than planned. We are looking to the future with great optimism and for good reason.”
Dividend increase and change in the Supervisory Board
68.72% of the share capital was represented at the Annual General Meeting. The shareholders approved all proposed agenda items with a clear majority and granted discharge to the Management Board and Supervisory Board.
The resolutions include an increase in the dividend to €1.10 per share (previous year: €1.05). This corresponds to a total dividend payout of €23.1 million.
Frank Markus Weber, CFO of Knorr-Bremse AG, was elected to the Supervisory Board. He replaces Ulrich M. Harnacke, who had been a member of the Supervisory Board since 2015.
Schuster: Special opportunities in Germany
With a view to the new federal government, Oliver Schuster addressed the considerable need for investment at Deutsche Bahn as “one of many major challenges”. According to him, it is a special opportunity that up to €500 billion will be made available in addition to the budget over the next twelve years with the special fund for infrastructure. A considerable portion of this could benefit the railroads. “We at Vossloh are ready to actively help with the urgently needed work on the German rail network and make the railroads fit for the future.”