Vossloh Boosts Dividend Following Strong Fiscal Year

Vossloh AG announced a successful fiscal year 2024, marked by a significant increase in their dividend to €1.10 per share. This decision was approved by shareholders at the Annual General Meeting in Düsseldorf. The company's annual turnover reached €1.21 billion, matching the previous year, while EBIT rose to €105.2 million.

The order backlog hit an all-time high of €926 million by the end of Q1 2025. The meeting also saw a change in the Supervisory Board, with Frank Markus Weber taking over from Ulrich M. Harnacke. Vossloh's CEO, Oliver Schuster, emphasized opportunities in Germany, particularly with Deutsche Bahn's investment plans.

Intensive investment in rail infrastructure worldwide suggests promising prospects for Vossloh. CFO Dr. Thomas Triska expressed optimism for 2025, citing better-than-expected EBIT performance so far this year.