The Voith Group showed a solid performance in the 2023/24 fiscal year (October 1, 2023, to September 30, 2024) in a challenging market environment with weak economic activity and ongoing geopolitical uncertainty.
Both in terms of operating business and financially, Voith remains in robust condition. The company achieved its sales targets in all three Group Divisions in the reporting period and managed to slightly increase the volume of orders received. Nevertheless, the operating result (EBIT) was lower than in the previous year. In addition, the net result was negatively affected by non-recurring effects. The broad sectoral and geographical diversification and the established market position in all three Group Divisions paid off.
“The past fiscal year was very challenging and marked by weak economic activity. Nevertheless, Voith managed to achieve its sales targets. We still believe that the clear focus on sustainable technologies is the way to achieve profitable growth,” explains Andreas Endters, acting President and CEO.
The volume of orders received rose slightly to €6.34 bn and increased by 3% compared to the previous-year figure. As of September 30, 2024, orders on hand stood at € 7.99 bn. Group sales decreased slightly to €5.23bn (previous year: €5.51 bn), as expected.
The current 2024/25 fiscal year will continue to be marked by economic and geopolitical uncertainties. Alongside the war in Ukraine and the conflict in the Middle East, these include economic stress factors. Under these circumstances, we can expect weak global economic activity.
Thanks to its broad sectoral and geographical diversification; the established market position in all Group Divisions; and the sound financial position, Voith feels well positioned to continue investing in its future viability and to achieve profitable growth.
