The Voith Group performed well in the first six months of the current fiscal year 2023/24, despite major uncertainties in the markets. The company’s focus was on further improving profitability and was able to increase both the operating result and the net income in the reporting period.
As forecast, Group sales amounted to €2.64 bn, which was slightly lower than in the previous year (€2.75 bn). At €3.62 bn, orders received were significantly higher than in the previous year (€2.95 bn). Accordingly, the orders on hand reached a record level of €8.13 bn as of March 31, 2024 (€7.02 bn). The operating result (EBIT) improved again in the first half of the year to €129m (€123m) – as did the net income at €38m (€29m).
“Voith performed well in the first half of the year despite continued major uncertainties in the markets. In particular, we were able to significantly improve cash flow and profitability. This means that Voith remains in a resilient position both operationally and financially and has the necessary resources to invest in its future,” explains Dr. Toralf Haag, CEO, Voith Group.
