During the period between October 1, 2023, to March 31, 2024, Voith Group received orders worth EUR 3.62 billion, while the cash flow reached EUR 159 million. The orders on hand reached a record level of EUR 8.13 billion as of March 31, 2024.
Jun 27, 2024
The Voith Group performed well in the first six months of the current fiscal year, that is between October 1, 2023 to March 31, 2024. Voith was able to increase both the operating result and the net income in the reporting period. Net liquidity and orders received also improved.
The Group sales amounted to EUR 2.64 billion, which was slightly lower than in the previous year (EUR 2.75 billion). At EUR 3.62 billion, orders received were significantly higher than in the previous year (EUR 2.95 billion) – in particular due to a major order won by the Group Division Voith Hydro.
The orders on hand reached a record level of EUR 8.13 billion as of March 31, 2024 (previous year: EUR 7.02 billion). The operating result (EBIT) improved again in the first half of the year to EUR 129 million (previous year: EUR 123 million) – as did the net income at EUR 38 million (previous year: EUR 29 million). The cash flow from operating activities (ONCF) showed a clearly positive development and amounted to EUR 159 million, compared to EUR 35 million in the same period of the previous year.
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“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 of the Voith Group.
With sales of EUR 1.04 billion, the Group Division Paper recorded a year-on-year decline (previous year: EUR 1.18 billion). Orders received fell to EUR 1.04 billion in the same period (previous year: EUR 1.26 billion). The operating result remained stable and amounted to EUR 76 million (previous year: EUR 77 million).
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In the second half of the current fiscal year 2023/24, Voith expects volatile markets and a global economy that will continue to be characterized by high interest rates and low economic growth. Voith expects to achieve its targets for the fiscal year and is sticking to its targets for orders received, sales and earnings.
