Voith
Sales up 2% in the 2018/19 financial year
The Voith Group grew profitably in the 2018/19 fiscal year ended September 30, 2019 - both orders received and consolidated sales increased.
"Voith performed well in the past fiscal year in a challenging environment. We are excellently positioned in our markets, have increased our profitability and can continue to build on a robust balance sheet to shape our future. This makes us confident that we will achieve our strategic goals for the coming years," explained Dr. Toralf Haag, President and CEO.
In the past fiscal year, Voith benefited from its broad geographical and sectoral positioning. In total, the Group secured new orders amounting to EUR 4.69 billion in 2018/19, compared to EUR 4.29 billion in the previous year; this corresponds to an increase in orders of 9%. The order backlog increased by 9% to €5.63 billion as at the balance sheet date - the highest order backlog in seven years.
Voith recorded a slight increase in sales of 2% to €4.28 billion (€4.21 billion in the previous year).
In the current 2019/20 fiscal year, orders received are expected to remain stable at the high level of the previous year. An increase in sales is forecast, driven by growth in Paper, Turbo and Digital Ventures.
The Voith Group is a global technology group with more than 19,000 employees and locations in over 60 countries around the world.
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