Germany's Vossloh nine-month revenue rises 19.6% on acquisitions

By Reuters News


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:


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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