Voith Turbo performed better than expected in 2022/23, according to parent
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By Bradley Osborne - 24th January 2024
Germany – Voith Turbo, a manufacturer of components including drive systems and transmissions for commercial vehicles, performed well above expectations in the fiscal year 2022/23 (1 October 2022 – 30 September 2023), according to parent company, Voith GmbH & Co KGaA of Heidenheim an der Brenz, Baden-Württemberg.
The group as a whole, which is involved in the papermaking and hydropower industries as well as the supply of parts to road and rail vehicles, performed well, as orders received increased by 19% to EUR6.14bn. Group sales rose by EUR625m, a growth rate of 13%, to EUR5.51bn.
