Baden-Württemberg: Voith increases sales and profits in the first half of the year

Heidenheim an der Brenz (dpa/lsw) - Despite the Ukraine war and disrupted supply chains, the technology group Voith has done good business in the first half of the current fiscal year.

Baden-Württemberg: Voith increases sales and profits in the first half of the year

Heidenheim an der Brenz (dpa/lsw) - Despite the Ukraine war and disrupted supply chains, the technology group Voith has done good business in the first half of the current fiscal year. Sales in the first six months were 2.34 billion euros, 14 percent above the value of the previous year, as the company announced on Wednesday in Heidenheim. Earnings before interest and taxes (EBIT) increased by 15 percent year-on-year to EUR 94 million.

The company benefited from continued good order intake. According to the information, this was slightly above the value of the previous year at 2.71 billion euros. Against the background of the current global crises, which are already having a clear impact on the markets, one can be satisfied with the development in the first half of the year, said Voith Managing Director Toralf Haag.

Voith's earnings in the first half of the year are therefore affected by the Ukraine war, lockdowns in China, material price increases and supply chain disruptions. Nevertheless, the manufacturer of large-scale systems continues to expect increasing sales and profits in the current financial year.

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