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Vossloh: Positive development continues. Shareholders has approves dividend

Vossloh: Positive development continues. Shareholders has approves dividend
photo: Archive/Vossloh: Positive development continues. Shareholders has approves dividend
24 / 05 / 2022

Vossloh AG, held its Annual General Meeting this week in a virtual format. In Düsseldorf, CEO Oliver Schuster reviewed the past fiscal year 2021 and highlighted a number of important milestones. These included the placement of a sustainability-oriented hybrid note with a total nominal amount of EUR 150 million, the acquisition of ETS Spoor, which improves access to the Dutch market, the signing of several framework agreements with a volume of well over EUR 200 million and the completion and commissioning of the state-of-the-art production facility for rail fastening systems at the Company's headquarters in Werdohl.

Despite the difficult conditions that have come with the coronavirus pandemic as well as disruptions in the global supply chain and rising energy and material prices, in the 2021 fiscal year the company once again succeeded in continuing on its chosen course of sustainable and profitable growth and in further strengthening its internationally competitive position. This summary was provided by Oliver Schuster, who also pointed to the increase in sales revenues, EBIT and profitability. “Rail-based mobility is of elementary importance for the economy and societies. With our unique focus on tracks, we make a significant contribution to the functioning of the rail network," said Schuster. He added, with an eye to the future: “Our broad understanding of rail tracks as an entire system, combined with our steadily growing digital expertise, will enable us to differentiate ourselves and thus achieve commercial success in a highly competitive global market.”

Customers from all over the world appreciate Vossloh's comprehensive range of products and services as well as its in-depth know-how. “We have made an extremely successful start to the 2022 fiscal year. One indicator of this is the order situation in the first quarter of 2022. We achieved a record level of orders received and had a record order backlog. This is another reason for us to look ahead with confidence,” explained Dr Thomas Triska, Chief Financial Officer of Vossloh AG.

73.84 per cent 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 an overwhelming majority. This included the proposal to pay a dividend of EUR 1.00 per dividend-bearing share.

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