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Vossloh reports sales growth of 8.4% in 2021

Vossloh reports sales growth of 8.4% in 2021
photo: Vossloh press materials/Vossloh reports sales growth of 8.4% in 2021
01 / 04 / 2022

Vossloh AG, the German railway technology company, reported that covid restrictions did not affect sales and profit growth in 2021. Sales amounted to 942.8 million euros.

"Despite the challenging conditions related to the pandemic, disruption of supply chains, and sharp increases in the prices of materials, logistics, and energy, Vossloh performed again strongly on an operational basis in the 2021 fiscal year. Sales revenues and profitability increased significantly," commented Chief Executive Oliver Schuster.

Thanks to the signing of the landmark contracts, the EBIT margin rose to 7.7 percent, the operating margin reached EUR 72.3 million, and the order book reached EUR 611.4 million at the end of 2021. The company's net profit rose from EUR 20.8 million a year earlier to EUR 35.9 million. Earnings per share rose from EUR 0.98 to EUR 1.31.

Notably, Vossloh signed a EUR 90 million contract to supply concrete sleepers to Australia, as well as a nearly EUR 40 million contract to supply rail fasteners to China.