Vossloh Annual General Meeting approves all proposed resolutions by a large
majority

EQS-News: Vossloh Aktiengesellschaft / Key word(s): AGM/EGM
Vossloh Annual General Meeting approves all proposed resolutions by a large
majority

15.05.2024 / 14:49 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Vossloh Annual General Meeting approves all proposed resolutions by a large
majority

* Review of an extremely successful financial year 2023

* Further improvement in earnings and profitability expected for 2024

* Dividend of EUR1.05 per share (previous year: EUR1.00) resolved

Werdohl, May 15, 2024. Vossloh AG today held its Annual General Meeting as a
physical event in Düsseldorf. CEO Oliver Schuster looked back on selected
aspects of the company's successful development in the past financial year
2023. In addition to product and technology innovations, digital-based
solutions played a central role, such as the market launch of the
cloud-based digital platform Vossloh connect. Vossloh is not only part of
the transformation of the rail industry, but is actively shaping it.

Despite adverse conditions due to numerous crises around the world, Vossloh
achieved excellent results in the 2023 financial year. The Group was able to
increase its Sales revenues compared to the previous year , at EUR1.21
billion, and exceeded the sales record from 2022 by 16.1 percent. EBIT even
increased by 26.2 percent to a remarkable EUR98.5 million and Free cash flow
more than doubled from EUR27.9 million to EUR70.9 million. Schuster sees the
decisive reason for the company's successful development in its
forward-looking, sustainable and crisis-resistant business model as well as
in Vossloh's unique positioning: "Through the increased use of digital
analysis processes and our unique understanding of track, we have evolved
from a pure supplier of high-quality products and services to a system house
for the rail track and holistic problem solver for our customers," Oliver
Schuster made clear in his speech, adding: "This will enable us to benefit
from new business models and further differentiate ourselves from our
competitors."

The start to the current financial year 2024 has also been very positive.
"Compared to the same period last year, we were able to further improve all
key financial figures. Orders received were again at a record level at
EUR350.1 million, while Sales revenues exceeded the record figure from the
same quarter of the previous year by 4.9 percent and amounted to EUR268.8
million. At EUR17.9 million, EBIT in the first quarter of 2024 exceeded the
previous year's figure by 27.4 percent. Overall, we have every reason to
look ahead with great confidence," emphasized Dr. Thomas Triska, CFO of
Vossloh AG, in his subsequent speech.

70.81 percent of the share capital was represented at today's Annual General
Meeting. The shareholders approved all agenda items proposed by the
Executive Board and Supervisory Board with a clear majority. This included
the proposal to distribute a dividend of EUR1.05 per share, which corresponds
to a total dividend payout of EUR18.4 million or a payout ratio - based on
earnings per share - of around 48 percent. The Executive Board was also
authorized to use instruments such as convertible bonds or bonds with
warrants in the future to finance the company's further growth. Finally, the
shareholders also approved the authorization to buy back the company's own
shares by a large majority.

All speeches given at the Annual General Meeting, the presentations shown
and the detailed voting results are available on Vossloh AG's website in the
Investor Relations section under Annual General Meeting.

Contact details for the media:
Andreas Friedemann
Phone: +49 (0) 2392 52-608
E-Mail: Presse@vossloh.com

Contact details for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
E-Mail: Investor.relations@vossloh.com

Vossloh is a global technology group that has stood for quality, safety,
customer focus, reliability and innovation for around 140 years. With its
comprehensive range of products and services for the rail track, Vossloh is
one of the world market leaders in this field. Vossloh offers a uniquely
broad range of products and services under one roof: Rail fastening systems,
concrete ties, switch systems and crossings as well as innovative and
increasingly digital-based services for the entire life cycle of rails and
switches. Vossloh uses its systemic understanding of the track to address
the central customer need of "rail track availability".

Vossloh products and services are in use in more than 100 countries. With
around 75 Group companies in almost 30 countries and over 40 production
locations, Vossloh is active locally worldwide. Vossloh is committed to
sustainable corporate governance and climate protection and makes an
important contribution to the sustainable mobility of people and goods with
its products and services.

The Group's activities are divided into three divisions: Core Components,
Customized Modules and Lifecycle Solutions. In the 2023 financial year,
Vossloh generated sales revenues of EUR1,214.3 million with around 4,000
employees.


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15.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Vossloh Aktiengesellschaft
                   Vosslohstr. 4
                   58791 Werdohl
                   Germany
   Phone:          +49 (0)2392 52 - 359
   Fax:            +49 (0)2392 52 - 219
   E-mail:         investor.relations@vossloh.com
   Internet:       www.vossloh.com
   ISIN:           DE0007667107
   WKN:            766710
   Indices:        SDAX
   Listed:         Regulated Market in Dusseldorf, Frankfurt (Prime
                   Standard); Regulated Unofficial Market in Berlin,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1903973

End of News EQS News Service
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1903973 15.05.2024 CET/CEST