Voith confirm full year results

The Voith Group has released its results for the 2022/23 fiscal year (October 1, 2022 to September 30, 2023).

Both in terms of operating business and financially, Voith remains in a robust position. The company increased all key performance indicators in the reporting year and reached the defined growth and earnings objectives. Group net income improved compared to the previous year. The broad sectoral and geographical diversification, the established market position in the three Group Divisions and regional supply chains contributed to the encouraging development.

At € 6.14 bn, orders received exceeded expectations and increased 19% on the previous year. The orders in hand reached a new all-time high at € 7.22 bn. Over the same period, Group sales rose by 13% to € 5.51 bn. The operating result (EBIT) was €245m. The return on sales improved to 4.4% (previous year: 4.1%), while the return on capital employed (ROCE) increased to 12.1% (previous year: 10.5%). The Group net income rose to €73m as a result of the favourable development of the operating business over the reporting period and despite the higher interest rate level and the associated increase in financing costs.

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