Vossloh AG Shows Promise Amid Record Order Backlog

Quirin Privatbank Kapitalmarktgeschäft has issued an updated report on Vossloh AG, affirming a "Buy" recommendation. The firm is experiencing robust revenue growth in 2026, attributed in part to the consolidation of Sateba. A significant factor is Vossloh's book-to-bill ratio of 1.34x, alongside a record order backlog of EUR 1,137 million, indicating a strong demand trajectory.

New orders across regions including Tanzania, Poland, and China, underpin this growth. The Deutsche Bahn framework agreement alone offers a substantial opportunity exceeding EUR 100 million. The upcoming reports will be pivotal in assessing Q1 results and potential margin recovery, particularly in Customized Modules.

Vossloh's management remains focused on Sateba's integration amidst a promising investment climate in the rail sector towards achieving 2030 objectives. Maintaining a target price of EUR 86, the outlook remains optimistic yet cautious.