February 25, 2017 5:40 PM ET

Machinery

Company Overview of Voith GmbH

Company Overview

Voith GmbH operates as a holding company, which through its subsidiaries provides systems, products, and industrial services for energy, oil and gas, paper, raw materials, and transportation and automotive markets. The company operates through Voith Digital Solutions, Voith Hydro, Voith Paper, and Voith Turbo divisions. It serves energy, oil and gas, paper, raw materials, and transport and automotive markets. The company was founded in 1867 and is headquartered in Heidenheim, Germany. Voith GmbH operates as a subsidiary of JMV GmbH & Co. KG.

Sankt Pöltener Straße 43

Heidenheim,  89522

Germany

Founded in 1867

19,098 Employees

Phone:

49 7321 37 0

Fax:

49 7321 37 7000

Key Executives for Voith GmbH

Chief Executive Officer, President and Member of the Corporate Board of Management
Age: 65
Chief Financial Officer and Member of the Corporate Board of Management
Age: 50
Deputy Chairman of the Supervisory Board and Head of Secretariat of the Corporate Works Council
Technical Director
Member of the Corporate Board of Management
Age: 55
Compensation as of Fiscal Year 2016.

Voith GmbH Key Developments

Voith Seek Acquisitions

The planned sale of Voith GmbH shareholding in KUKA Aktiengesellschaft (DB:KU2) will provide Voith with the additional financial headroom for its growth strategy. The transaction is expected to lead to an inflow of 1.15 billion in spring 2017. The proceeds will be dedicated completely to the refinement of the Groups portfolio, for example accelerating the building up of digital business models. The funds can be used either to facilitate organic growth or to make attractive acquisitions.

Voith GmbH, 2016 Earnings Call, Dec 13, 2016

Voith GmbH, 2016 Earnings Call, Dec 13, 2016

Voith Reports Earnings Results for Fiscal 2016; Provides Financial Guidance for Fiscal 2017

Voith reported earnings results for fiscal 2016. In total, the profits from operations of Voith Hydro, Voith Paper and Voith Turbo grew by just under one fifth (18%) to €295 million the operating return on sales in the core business saw a correspondingly rise from 5.8% to 7.0%. At the level of the holding company, this positive development was counterbalanced to a certain extent by valuation effects on some foreign currency items as well as the costs for setting up the new Voith Digital Solutions Group Division. The Voith Group's profit from operations was slightly up from the previous year as announced, reaching €275 million compared to €270 million in 2015. The Group's net result, which had fallen to minus €93 million in the previous year as a result of restructuring costs, improved by €122 million to €29 million in the year under review. This means that this figure was once again positive, as forecasted. Without nonrecurring expenses (mainly from impairment losses disclosed on the face of the balance sheet), the net result would have come to as much as €125 million. For the 2016/17 fiscal year, the company anticipates sales around the same level as in the previous year and a slightly increasing level of orders received in comparison to 2015/16. On aggregate, the profits from operations of the Voith Hydro, Voith Paper and Voith Turbo Group Divisions will rise. This profitable core business will enable Voith to shoulder the high development costs for the new Voith Digital Solutions Group Division from current operations. The Group's profit from operations will therefore also be clearly positive, yet probably slightly lower on account of these costs. The Group's net result will be clearly positive once again - even without the expected strong nonrecurring effect from the sale of the KUKA shareholding.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
May 9, 2016
Voith Industrial Services AS
 

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