Germany –While total orders received increased slightly, currency effects resulted in revenues being slightly decreased at GBP4.29n in fiscal year ending September 31, 2018 at the industrial power transfer engineering group, Voith Group based in Heidenheim, when compared with the previous fiscal year of GBP4.37bn. Group gross profit totalled EUR267m  compared with EUR304m in the previous fiscal year, while the Group net result totalled EUR53m, which after adjustment for the sell-off of the KUKA business, was an increase of 61% in comparison with the previous-year figure of EUR33m.

The Voith Group, which provides engineering with digitalisation solutions through four sub-divisions of Hydro (hydroelectric turbines), Paper (paper manufacturing and processing), Turbo (intelligent drive systems) and Digital Ventures, stated its below par performance within its Hydro division had been counter-balanced by an excellent year on the part of Paper with all key indicators at a high level and a sound performance by Turbo.