WERDOHL (dpa-AFX) - The rail and transport technology group Vossloh is cautiously confident for the current year. For 2024, Vossloh is targeting earnings of €1.16 billion to €1.26 billion, as the SDax-listed company announced in Werdohl on Thursday. Earnings before interest and taxes (EBIT) are expected to increase to between €100 million and €115 million. Based on the mean value of the sales forecast, this would result in a margin (EBIT margin) of between 8.3 and 9.5 percent. This would make the company more profitable than in the previous year.

In 2023, turnover climbed by 16.1% year-on-year to 1.21 billion euros. Operating profit increased by a good quarter to 98.5 million euros, while the corresponding margin rose from 7.5% in the previous year to 8.1%. At the bottom line, the profit attributable to shareholders fell from 41.7 million euros in the previous year to 38.7 million euros due to higher taxes. The management intends to increase the dividend from 1.00 euro to 1.05 euro./mne/stk