FX.co ★ Vossloh Q1 Net Income Rises, Sales Revenue Up 4.9%; Confirms 2024 Guidance

Vossloh (VOSSF.PK) has announced a significant increase in their first quarter net income for shareholders, rising from 1.3 million euros the previous year to 6.9 million euros this year. The company's earnings per share from ongoing operations have also seen a substantial growth, from 0.07 euros to 0.39 euros.

Vossloh highlighted a 27% increase in their Earnings Before Interest and Taxes (EBIT), marking the highest operating EBIT for a first quarter in the past 14 years.

The company's sales revenue for the first quarter also saw an increase, reaching 268.8 million euros up from 256.3 million euros the previous year. This 4.9% growth marks the highest sales volume for a first quarter, as stated by the company.