Vossloh expects earnings near the bottom of its range as integration weighs on margins
Vossloh ($VOS) increased revenue for the first nine months of 2026 by 19.6% to €1.09 billion, largely because of the Sateba acquisition; sales excluding that business were approximately 4% lower. Orders rose 21.7% to €1.15 billion, with organic order growth of about 3%, and the backlog reached €1.09 billion. EBITDA increased to €128.5 million, but its margin declined to 11.8% from 13.4%. Management expects full-year 2026 sales around the midpoint of its €1.51–1.61 billion range, while EBITDA and