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Investing.com -- Vossloh (ETR:VOSG) recently disclosed its first quarter results for 2025, indicating a slower start to the year with a 7% year-on-year decline in sales. The company’s EBIT fell by 59% year-on-year to €7.4m, resulting in a margin of 2.9%, compared to last year’s 5.9% when adjusted for brand licensing fees.
Vossloh shares experienced a 4.5% drop following the announcement. The company’s revenues of €251m were largely in line with expectations, showing a 1% shortfall compared to the consensus estimate of €254m. The EBIT, meanwhile, was down 7% against consensus in the typically weak first quarter.
The company reaffirmed its full-year guidance, projecting a 6.5% year-on-year growth at the mid-point excluding Sateba. This growth is expected to be more pronounced in the latter part of the year, driven by deliveries in Fastening solutions in China, starting in the second quarter.
The order intake for the first quarter was slightly down by 3% year-on-year at €339m, which is 5% less than the consensus. Despite this, Vossloh maintained a healthy book-to-bill ratio of 1.35x, slightly higher than last year’s 1.3x. The order backlog increased by 15% year-on-year and 11% sequentially to €926m, and includes only parts of multi-year framework agreements with the German rail operator DB, which are worth more than €100m.
The company also provided an update on the closing of the Sateba acquisition, which is expected in the coming months. This acquisition is anticipated to add approximately €30m in sales and around €4m in EBIT contributions per month.
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