Germany's Vossloh nine-month revenue rises 19.6% on acquisitions
Germany's Vossloh nine-month revenue rises 19.6% on acquisitions
Overview
Germany rail infrastructure tech firm's nine-month revenue rose 19.6% yr/yr, driven by acquisitions
EPS for nine months declined sharply yr/yr due to acquisition-related costs
Company confirmed full-year outlook, expects sales near midpoint of EUR 1.51-1.61 bln
Outlook
Vossloh expects 2026 sales revenue near midpoint of €1.51 bln to €1.61 bln range
Company sees 2026 EBITDA at €195 mln to €210 mln, EBIT at €100 mln to €110 mln, both likely at lower end
Vossloh expects positive free cash flow and lower net financial debt by end-2026
Result Drivers
ACQUISITIONS - Revenue growth mainly driven by consolidation of VTT Europe (Sateba)
PROJECT DELAYS - Lower sales excluding acquisitions attributed to project delays and reduced call-offs
COST PRESSURES - Higher material, logistics, and M&A-related consulting costs weighed on profitability
Company press release: ID:nEQ3bn2XFa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue |
| EUR 1.09 bln |
|
9M EPS |
| EUR 0.35 |
|
9M Net Income |
| EUR 22.90 mln |
|
9M EBIT |
| EUR 56.60 mln |
|
9M EBITDA |
| EUR 128.50 mln |
|
9M EBITDA Margin |
| 11.80% |
|
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 €70.50, about 38.1% above its October 21 closing price of €51.05
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago
Reuters Recommended Reads
Oct 21 - Germany's Jenoptik raises FY EBITDA margin outlook on strong semiconductor equipment demand
Oct 21 - Friedrich Vorwerk Group Q3 EBITDA jumps 58% on higher JV contribution
Oct 21 - Germany's SCHMID Group raises 2026 order intake guidance
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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.)