Vossloh Unveils Innovative Sustainable Rail Solutions at InnoTrans 2024, Targets €2 Billion Sales by 2030
(IN BRIEF) Vossloh presented its latest sustainable rail infrastructure solutions at InnoTrans 2024, showcasing products like CO2-reduced rail fastening systems, fully recyclable composite sleepers, and digital innovations on its connect platform. The company highlighted its commitment to supporting rail operators in managing increasing traffic demands while promoting sustainable mobility. At its Capital Market Day, Vossloh outlined its impressive financial growth despite global challenges and announced plans to surpass €2 billion in sales by 2030, driven by organic growth and acquisitions, with a target of achieving a 10% EBIT margin.
(PRESS RELEASE) WERDOHL, 28-Sep-2024 — /EuropaWire/ — Vossloh showcased its innovative rail infrastructure solutions at InnoTrans 2024, highlighting sustainable products and technologies aimed at addressing the increasing demands for efficient, safe, and eco-friendly rail systems. Key innovations included CO2-reduced rail fastening systems, fully recyclable EPS composite sleepers, and the world’s first crossing made from recycled manganese steel. Vossloh also introduced new digital solutions on its connect platform and an immersive 360-degree simulation showcasing the future of mobility.
CEO Oliver Schuster emphasized Vossloh’s commitment to supporting rail operators in overcoming challenges posed by growing traffic volumes while contributing to global sustainability goals. The company’s products, tailored for the specific needs of rail operators, help drive large-scale sustainable mobility solutions.
At its Capital Market Day, Vossloh presented its recent financial achievements, which exceeded expectations despite global challenges. The company outlined plans to achieve over €2 billion in sales by 2030 through organic growth and acquisitions, alongside a goal of reaching a 10% EBIT margin.
Vossloh is a global technology group which for around 140 years has stood for quality, safety, customer focus, reliability and innovative strength. With its comprehensive range of rail-related products and services, Vossloh ranks among the world market leaders in this sector. Vossloh offers a uniquely broad range of products and services under one roof: Rail fastening systems, concrete ties, switch systems and crossings, as well as innovative and increasingly digital-based services for the entire life cycle of rails and switches. Vossloh uses its systemic understanding of the track to address the central customer need of “availability of the rail track”. Vossloh products and services are in use in more than 100 countries. With some 75 Group companies in almost 30 countries and over 40 production locations, Vossloh is active locally worldwide. Vossloh is committed to sustainable corporate governance and climate protection and with its products and services makes an important contribution to the sustainable mobility of people and goods. The Group’s activities are organized into the three divisions Core Components, Customized Modules and Lifecycle Solutions. In the 2023 financial year, Vossloh generated sales revenues of €1,214.3 million with around 4,000 employees.
Contact details for the media:
Andreas Friedemann
Phone: +49 (0) 2392 52-608
Email: presse@vossloh.com
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First published in this link of EuropaWIRE.
