Vossloh's Annual General Meeting: Shareholders given a positive review and outlook on the Company's development and approve proposed resolutions
Vossloh AG, one of the world’s leading providers of products and services related to rail infrastructure, held its Annual General Meeting today in a virtual format. In Düsseldorf, CEO Oliver Schuster reviewed the past fiscal year 2021 and highlighted a number of important milestones. These included the placement of a sustainability-oriented hybrid note with a total nominal amount of €150 million, the acquisition of ETS Spoor, which improves access to the Dutch market, the signing of several framework agreements with a volume of well over €200 million and the completion and commissioning of the state-of-the-art production facility for rail fastening systems at the Company's headquarters in Werdohl.
Despite the difficult conditions that have come with the coronavirus pandemic as well as disruptions in the global supply chain and rising energy and material prices, in the 2021 fiscal year the company once again succeeded in continuing on its chosen course of sustainable and profitable growth and in further strengthening its internationally competitive position. This summary was provided by Oliver Schuster, who also pointed to the increase in sales revenues, EBIT and profitability. “Rail-based mobility is of elementary importance for the economy and societies. With our unique focus on tracks, we make a significant contribution to the functioning of the rail network," said Schuster. He added, with an eye to the future: “Our broad understanding of rail tracks as an entire system, combined with our steadily growing digital expertise, will enable us to differentiate ourselves and thus achieve commercial success in a highly competitive global market.”
Customers from all over the world appreciate Vossloh's comprehensive range of products and services as well as its in-depth know-how. “We have made an extremely successful start to the 2022 fiscal year. One indicator of this is the order situation in the first quarter of 2022. We achieved a record level of orders received and had a record order backlog. This is another reason for us to look ahead with confidence,” explained Dr. Thomas Triska, Chief Financial Officer of Vossloh AG.
73.84 percent of the share capital was represented at today's Annual General Meeting. The shareholders approved all agenda items proposed by the Executive Board and Supervisory Board with an overwhelming majority. This included the proposal to pay a dividend of €1.00 per dividend-bearing share.
All speeches held at the Annual General Meeting, as well as the presentations and voting results, are available for download from Vossloh AG's website in the Investor Relations section under Annual General Meeting .
Vossloh is a globally active technology Group dedicated for over 135 years to quality, safety, reliability, innovation and a focus on the customer. Vossloh’s comprehensive range of track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and switches. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track network availability.
Vossloh products are in use in more than 85 countries. With close to 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable governance and climate protection and makes an important contribution to sustainable passenger and freight mobility with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2021 fiscal year, Vossloh achieved sales of €942.8 million with approximately 3,600 employees.