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EQS-News: Vossloh Aktiengesellschaft / Key word(s): AGM/EGM
Vossloh Annual General Meeting approves all proposed resolutions by a large majority
2024-05-15 / 14:49 CET/CEST
The issuer is solely responsible for the content of this announcement.
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.
2024-05-15 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
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 2024-05-15 CET/CEST

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May 15, 2024 08:50 ET (12:50 GMT)