Germany's Vossloh cuts 2026 sales and earnings guidance on delayed projects and rising procurement costs
Germany's Vossloh cuts 2026 sales and earnings guidance on delayed projects and rising procurement costs
Overview
Germany rail infrastructure supplier's preliminary H1 2026 revenue rose yr/yr to €710.1 mln
Company cut full-year 2026 sales and earnings guidance citing project delays and higher costs
Order intake and backlog reached record highs, supporting positive medium-term outlook
Outlook
Vossloh now sees 2026 sales between €1,510 mln and €1,610 mln, lower than prior guidance
Company expects 2026 EBITDA of €195 mln to €210 mln, down from previous forecast of €215 mln to €230 mln
Vossloh forecasts 2026 EBIT of €100 mln to €110 mln, below earlier guidance of €118.5 mln to €131 mln
Result Drivers
PROJECT DELAYS - Co said some deliveries for new construction projects planned for 2026 are now expected to be postponed to the following year
LOWER FRAMEWORK AGREEMENT CALL-OFFS - Co cited lower call-offs under existing framework agreements in certain countries as a factor weighing on 2026 results
HIGHER COSTS - Higher procurement and logistics costs, which could not be fully passed on to customers, temporarily weighed on earnings
Company press release: ID:nEQ7M4mcba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 710.10 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"
Wall Street's median 12-month price target for Vossloh AG is €85.50, about 37.2% above its July 13 closing price of €62.30
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 20 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)