Vossloh AG : 2024 guidance well within reach thanks to another good quarter
>A good Q2, notably on orders and the margin - Yesterday morning Vossloh reported its Q2 2024 results (see our First Take) which topped expectations in terms of the order intake and EBIT level. The order intake totalled € 420m (consensus at € 360m), up 22% y-o-y.Sales were down 15% to € 292m (consensus at € 294m), with a significant decline in business in China (as expected). The EBIT margin reached 10.8% (consensus at 10.1%), up 50bp vs Q2 2023, despite th...Vossloh is a holding company. Through its subsidiaries, Co. in engaged in the rail technology markets. Co.'s core businesses comprise rail infrastructure products and services, rail vehicles, and components for rail vehicles and buses. Co. conducts its operations through two divisions: Rail Infrastructure and Transportation. The Rail Infrastructure division provides products and services related to the infrastructure through three business units: Fastening Systems, Switch Systems, and Rail Services. The Transportation division consists of the operations related to rail vehicles and vehicle systems/components and has two business units: Transportation Systems and Electrical Systems.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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