Vossloh Shares Plunge After Rail Group Lowers 2026 Profit Guidance

Shares in Vossloh AG (VOSG) plunged more than 9% on Tuesday after the German rail infrastructure specialist lowered its sales and earnings guidance for 2026. The company cited softer customer demand, project delivery delays, and rising costs as key reasons for the revised outlook.

Revised 2026 Forecast

Vossloh announced on Monday that it was adjusting its financial targets for the full year. The company provided the following updated guidance:

• Sales Revenue: Now expected to be between €1.51 billion and €1.61 billion, down from a previous forecast of €1.56 billion to €1.66 billion.
• EBITDA: Lowered to a range of €195 million to €210 million, from a prior €215 million to €230 million.
• EBIT: Cut to €100 million to €110 million, compared to the earlier projection of €118.5 million to €131 million.

The company attributed the downgrade to several factors, including lower-than-expected call-offs under existing framework agreements. Vossloh also pointed to the postponement of some new construction project deliveries into 2027, higher procurement and logistics costs, and expenses related to capacity adjustments and planned acquisitions.

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Preliminary Results Show Mixed Picture

Despite the weaker outlook, Vossloh's preliminary figures for the first half of 2026 showed strong top-line growth and order intake. Sales revenue for the period reached €710.1 million, a significant increase from €582.6 million in the first half of the prior year. EBITDA also rose to €80.9 million from €74.2 million.

However, EBIT for the first half fell to €32.4 million from €44.9 million a year earlier, reflecting the cost pressures cited in the guidance revision. On a positive note for future revenue, the company's order intake grew to €828.5 million from €623.7 million, and its rail infrastructure order backlog hit a record €1.14 billion.