INTERNATIONAL: Vossloh has reported strong growth in its sales and earnings in 2021, despite the ongoing constraints imposed by the Covid-19 pandemic.

Sales were up 8·4% year-on-year to €942·8m. Profitability continued to improve, despite rising materials, logistics and energy costs, with the operating EBIT reaching €72·3m. EBIT margin rose to 7·7%. Orders increased slightly to €947·6m, and the company’s order book stood at €611·4m at the end of 2021, helped by the signing of landmark contracts during the past fiscal year, including one of Vossloh’s biggest ever contracts for delivery of concrete sleepers to Australia, worth €90m, and an order for rail fastenings in China worth nearly €40m.

The group’s net income stood at €35·9m, up from €20·8m the year before, and earnings per share rose from €0·98 to €1·31.

‘Despite the challenging conditions related to the pandemic, disruption of supply chains, and sharp increases in the prices of materials, logistics and energy, Vossloh performed again strongly on an operational basis in the 2021 fiscal year. Sales revenues and profitability increased significantly’, commented Chief Executive Oliver Schuster.