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Vossloh (VOS) investor relations material

Vossloh Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary30 Oct, 2025

Executive summary

  • Sales revenues in Q3 2025 rose 9.1% year-over-year to €325.9 million, with 9M 2025 sales up 5.7% to €908.5 million, driven by growth in Northern Europe and Africa.

  • EBIT for 9M 2025 was €76.2 million, nearly matching the prior year, with a strong Q3 EBIT margin of 9.6%.

  • Net income for 9M 2025 was €51.7 million, down from €56.6 million, mainly due to higher interest expenses and more outstanding shares.

  • Free cash flow in Q3 2025 was €44.4 million, up from €38.9 million in Q3 2024.

Financial highlights

  • EBITDA for 9M 2025 reached €121.8 million (margin 13.4%), up from €116.5 million (13.6%).

  • Earnings per share for 9M 2025 were €2.12, down from €2.70 year-over-year.

  • Capital expenditure increased to €56.1 million, mainly for new production facilities and ERP implementation.

  • Equity rose to €776.8 million, with an equity ratio of 50.9%.

  • Net financial debt decreased year-over-year to €137.6 million, but increased from year-end due to Sateba acquisition financing.

Outlook and guidance

  • 2025 sales revenue guidance is €1.33–1.4 billion, driven by the Sateba acquisition and organic growth, especially in China and Africa.

  • EBIT guidance for 2025 is €116–126 million before Sateba PPA effects, with an expected EBIT margin of 9% (+/- 0.5pp).

  • Value added forecast for 2025 is not reliable due to PPA effects, but pre-PPA value added is expected to be €15–25 million.

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Frequently asked questions

Vossloh AG focuses on rail technology, primarily focused on rail infrastructure. The company offers comprehensive solutions across a broad spectrum of rail infrastructure needs, emphasizing safety, sustainability, and environmental friendliness. Vossloh's product and service offerings include rail fastening systems, turnout systems, signaling systems, and services such as rail and turnouts maintenance and track supply. Additionally, Vossloh manufactures and provides concrete ties and concrete crossing panels tailored to customer specifications. The company is headquartered in Werdohl, Germany, and its shares are listed on the XETRA.

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