Vossloh AG : An unsurprising publication confirming the marked improvement in the margin expected in 2024
>Q4 2023 in line with expectations: ales stable and EBIT margin of 7.5% (-50bp) - Vossloh this morning reported Q4 2023 results broadly in line with expectations.Sales totalled € 288m (consensus at € 282.2m), down slightly (-1%). 2023 was marked by a number of significant projects which contributed to the growth of Core Components (Mexico) and Customized Modules (Serbia, Italy) and the ramp-up of the High Speed Grinding framework contract for Lifecycle Solutions ...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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