Vossloh Aktiengesellschaft has revised downward its financial guidance for fiscal 2026, citing shifts in customer demand and a postponement of certain project deliveries. The German rail infrastructure specialist lowered its sales and earnings outlook on Monday as it assessed the timing and composition of orders across its markets.
For 2026 the company now expects sales between €1,510 million and €1,610 million, reduced from a prior range of €1,560 million to €1,660 million. In the previous year Vossloh recorded sales of €1,343.2 million.
The firm also trimmed its profitability targets. EBITDA guidance was narrowed to €195 million-€210 million, down from €215 million-€230 million. The EBIT forecast was adjusted to €100 million-€110 million from the earlier €118.5 million-€131 million bracket. For fiscal 2025 Vossloh reported EBITDA of €179.4 million and EBIT of €111.9 million.
Preliminary first-half 2026 results show mixed momentum: sales rose to €710.1 million from €582.6 million a year earlier, and EBITDA increased to €80.9 million from €74.2 million. However, EBIT fell to €32.4 million compared with €44.9 million in the same period last year.
Vossloh attributed the revised full-year guidance to several operational factors. The company pointed to lower call-offs under existing framework agreements in certain countries and the postponement of deliveries associated with new construction projects from 2026 into the subsequent year. It also cited higher procurement and logistics costs that cannot be fully passed on to customers within the year. Additional pressure on earnings stems from expenses tied to capacity adjustments and planned merger and acquisition activity.
On the order front, Vossloh reported incoming orders of €828.5 million in the first half of 2026, up from €623.7 million in the prior-year period. The rail infrastructure order backlog reached a record €1,140.7 million, compared with €865.8 million previously.
The company has scheduled publication of final first-half figures on July 23, 2026. The guidance change reflects timing and margin effects rather than a reduction in pipeline volume, as indicated by the increased orders and elevated backlog.
Contextual note - The adjustments underscore a period of timing mismatches between framework agreement call-offs and project execution, along with cost pressures in procurement and logistics that are affecting near-term profitability.