Vossloh AG : Q3 2024 results confirm the progress of the previous quarters
>Restated for exceptionals, Q3 still beats expectations - Yesterday morning, Vossloh published its Q3 2024 results (see our First Take), which topped expectations in terms of EBIT, even when restated for exceptionals (see hereafter).The order intake reached € 256m (consensus € 251m).Sales were down 8% at € 299m (consensus € 298m), particularly at Core Components (down 30%), with a significant decline in business in China (VFS, deliveries expected to rebound ...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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