(Nengdong, December 13, 2023) – The Voith Group has achieved an impressive performance in fiscal year 2022 23 (October 1, 2022 to September 30, 2023). 
Dr. Toef Hoeger, CEO of the Voith Group, said:"In FY2022-23, Voith once again demonstrated the company's resilience. Despite the challenging economic environment, we maintained profitable growth and improved cash flow. Our strategy focused on sustainable technology is paying off. "Fiscal Year Review: Improvement in all key performance indicatorsIn FY2022-23, the Voith Group improved all key performance indicators. All three divisions are actively contributing to this development. GroupOrder volumeUp to 61At 400 million euros, it again exceeded expectations and continued to increase by 19 percent compared to the previous fiscal year's high. Order holdingsA new all-time record was set at 72200 million euros. GroupSalesThis represents a year-on-year increase of 13% to 55100 million euros. EBITUp to 24.5 billion euros. Return on salesIncreased to 44% (41%）。Return on capital employedIncreased to 121% (105%）。Despite the high interest rate level and the increase in financing costs, the Group benefited from the good development of its operating business during the reporting periodNet profit increased to73 million euros. The improvement in performance is accompanied by further investment in the future. R&D expendituresAn increase of 9% to 23.2 billion euros. On the financial front, the Voith Group remains in a good position. During the reporting period,Equity ratiofor 239% (241%）。Net cash flow from operationsThis is a significant increase from the previous fiscal year to 30.6 billion euros (previous year: 93 million euros). At the same time, net debt has improved. 
Dr. Tofu Hoeger, CEO of the Voith GroupStrategic focus: sustainable development of the industryVoith continues to focus on the Group's growth strategy in terms of decarbonization and digitalization. The ongoing transformation from a traditional mechanical engineering company to a sustainable technology group with highly digital expertise opens up new and promising opportunities for Voith. To this end, Voith is continuously investing in strategic and technological upgrades to its product portfolio, new growth areas, and efficient structures and processes. Voith has clearly positioned hydrogen technology, electric drive systems, rail freight and energy storage as important growth poles and aims to expand its existing product portfolio by leveraging Voith's expertise in hydropower, paper, transportation and industrial applications. In addition to the growth of its own business, the Voith Group benefited from two acquisitions of the Drive division during the reporting period. For the first time, Avida Rail (acquired in October 2022) and Argo-Hytos (acquired in August 2022) were included in Voith's financial year report, generating around 2With an increase of 100 million euros, sales also increased by around 2300 million euros. 
Ms. Stephanie Holdt, Chief Financial Officer of the Voith GroupDuring the fiscal year, the three business divisions jointly made a positive contribution to the Group's performanceHydropower DivisionIn the continuous severe market environment, it has maintained its solid market position. The number of orders increased to 19EUR 200 million (previous fiscal year: 11.).800 million euros). One of the main reasons for the increase is the current increase in the number of orders for a major project. Sales increased to 11900 million euros (10500 million euros). EBIT increased slightly to EUR 6 million (previous year: EUR 2 million). Improving profitability remains an important objective for the Hydropower Division. Paper DivisionOnce again, it was a major contributor to the Group's sales and earnings growth. EBIT reached 1EUR 4.5 billion (previous fiscal year: 1.5 billion.)3.1 billion euros). Sales increased to 22EUR 400 million (EUR 2.2 billion last year). The order book was EUR 2.1 billion, compared to the previous year's high level of 22.1 billionThis is a slight decrease of 600 million euros. Drive DivisionThe company achieved significant sales and EBIT growth in all three divisions, while also benefiting from two acquisitions. Sales and EBIT increased to 19.19 percent, respectively900 million euros (15600 million euros) and 80 million euros (48 million euros in the previous fiscal year). Order volume from 16400 million euros to 20500 million euros). Outlook for the fiscal year: Orders and sales are slightly lower than the high levels, and profitability is expected to improve furtherIn FY2023-24, Voith expects the Group's key performance indicators to remain stable and profitability to improve furtherEBIT and return on capital employed will increase slightlyOrder intake and group sales are expected to be slightly below the high levels of the reporting year.