Vossloh AG : Full-year guidance upgrade
>Guidance upgrade of 8% for EBIT - Vossloh upgraded its full-year guidance and now expects for 2023 sales of between € 1.125bn and € 1.2bn (vs € 1.05-1.15bn previously) and EBIT of between € 87m and € 94m (vs € 79-88m previously). Margin-wise, this guidance corresponds to an EBIT margin of between 7.5% and 8.1% in the middle of the sales range (vs 7.2-8% before). The new guidance corresponds to an upgrade of 8% at the EBIT level (middle of the range).This upgrade...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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