Vossloh AG : Good interim results not reflected in stock market performance
>Q2 2023 results once again topped expectations (19% at the EBIT level) - Yesterday morning Vossloh reported its Q2 2023 results (see our First Take) which were 19% above expectations at the EBIT level. The order intake reached € 344m, giving a book-to-bill ratio of 1x.Sales rose by 35% to € 344m (consensus: € 316m), and the EBIT margin comfortably exceeded expectations at 10.2% (+200bp y-o-y), against a consensus of 9.4%.The group has confirmed its fu...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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