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August 03, 2015 5:54 PM ET

Machinery

Company Overview of Voith GmbH

Company Overview

Voith GmbH, a technology group, provides systems, products, and industrial services for energy, oil and gas, paper, raw materials, and transportation and automotive markets. It operates through four segments: Voith Hydro, Voith Industrial Services, Voith Paper, and Voith Turbo. The Voith Hydro segment manufactures and supplies hydro power components, including Francis, Pelton, Kaplan, bulb, and pump turbines; and generators, turbines, pumps, electrical and mechanical power plant equipment, and automation systems, such as measuring, control, and command systems, as well as services, including spare parts deliveries and maintenance work. The Voith Industrial Services segment offers technical s...

Sankt Pöltener Strasse 43

Heidenheim an der Brenz,  89522

Germany

Founded in 1825

38,907 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: 64
Chief Financial Officer and Member of the Corporate Board of Management
Age: 60
Member of the Corporate Board of Management, Chief Executive Officer of Voith Turbo Gmbh & Co KG and President of Voith Turbo Gmbh & Co KG
Age: 48
Technical Director
Member of the Corporate Board of Management
Age: 54
Compensation as of Fiscal Year 2015.

Voith GmbH Key Developments

Voith GmbH Appoints Stephan Schaller to Shareholders' Committee and the Supervisory Board, Effective October 1, 2015

Stephan Schaller, director of the global motorcycle division of the BMW Group, will join the Shareholders' Committee and the Supervisory Board of Voith GmbH on October 1, 2015. He succeeds Professor Bernd Gottschalk, former member of the executive board of Mercedes-Benz AG, who will leave both bodies after twenty years of service upon reaching the age limit stipulated by the charter.

Voith GmbH Wins Order from Audi AG

Voith GmbH has won an order from Audi AG for the production of a CFRP component for a future Audi model. Voith and Audi will jointly prepare the manufacturing ramp-up for the CFRP component. The goal of this partnership is to promote the further development and highly automated production of fiber-reinforced materials for use in future Audi production models. The outcome of the partnership is highly-efficient and consequently cost-effective production technology.

Voith Group Reports Sales Results for the First Six Months Ended March 2015; Provides Earnings Guidance for the Full Fiscal Year 2015

Voith Group reported sales results for the first six months ended March 2015. The Group's business has stabilized noticeably in the first six months of the 2014-15 fiscal year in an environment which remains challenging. Previously falling sales went up from October 2014 to March 2015 compared to the figures for last year, as adjusted for changes in the scope of consolidation, by a good 5% to €2.66 billion. This was reinforced by positive currency effects but also by strong organic growth in the Voith Paper and Voith Industrial Services Group Divisions. Following the significant improvement in the first half year, the company now also anticipates an increase in its profit from operations for 2014-15 as a whole and expects the restructuring measures to have a further positive impact in the second half of the year. From current perspective, all Group Divisions, including the Voith Paper Group Division affected by further restructuring, will post a profit. Despite the positive operative earnings performance, the net result for 2014-15 will, as previously announced, be negative owing to the special burden represented by high restructuring expenses.

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