In the first six months of the current fiscal year 2021/22, the Voith Group saw strong performance in a market environment characterised by global crises. Voith was operating in the black in all three Group Divisions, Hydro, Paper and Turbo, of the core business and achieved a significant increase in both sales and EBIT across the Group. Once again, orders received exceeded the high figure for the previous year.
At €2.34 bn, Group sales were noticeably higher (up by 14%) than the level achieved in the same period of the previous year (€2.06 bn). With an adjustment for currency effects, this equates to an increase of 11 percent. At €2.71 bn, the value for orders received was slightly higher than for the previous year (€2.63 bn). At €6.8 bn, the value for orders on hand recorded on the reporting date of March 31, 2022 increased compared to the already high level of the previous year (€6.25 billion), and reached an all-time high. Voith also achieved a significant increase in the operating result in the first six months. EBIT increased by 15% to €94 m, while annual surplus was at €16 m.
“Against the background of the current global crises, which are already having a significant impact on our markets, we can be satisfied with the development we have seen in the first six months: Voith continues to remain in strong operational and financial shape. Our broad sectoral and geographic positioning has also played a role in this, as has our focus on sustainable technologies, which are becoming increasingly important,” explains Dr. Toralf Haag, CEO of the Voith Group.
Voith Paper continues on its growth trajectory. Sales increased significantly to €1.07 bn in the first six months (previous year: €832 m). Voith Paper achieved another noticeable increase in the value for orders received to €1.24 bn, which corresponds to growth of 9%. The Group Division was also able to confirm the same positive trend in the operating result, which was significantly improved to €70 m (previous year: €53 m).
