Vossloh AG : Q1 puts the group ahead of its (conservative) annual guidance
>Q1 2023: 18% ahead of EBIT expectations - Yesterday morning Vossloh reported its Q1 2023 results (see our First Take) which were 18% above expectations at the EBIT level. Sales were up 15% to € 256m (consensus € 243m) and the EBIT margin was well above expectations at 5.5% (+190bp y-o-y) vs a consensus of 4.9%. Orders were down 9% (€ 345m vs € 320m expected), due to base effects but book-to-bill remained >1x across all divisions and 1.35x at group level.Among 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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