October 19, 2017 4:18 AM 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

18,806 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: 66
Chief Financial Officer and Member of the Corporate Board of Management
Age: 51
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: 58
Compensation as of Fiscal Year 2017.

Voith GmbH Key Developments

Voith Announces New Comprehensive Tailored Service Packages

Voith GmbH has offered a comprehensive, tailor-made service expertise that reportedly covers all machine segments and supports customers from the planning phase over the entire service life of the machine and beyond. Under this kind of partnership, Spanish paper manufacturer Papel Aralar entrusted its entire service operations to Voith and is now benefiting from higher machine availability and improved paper quality.

Voith Seeks Acquisitions

Voith GmbH is seeking acquisitions. "We have considerable financial headroom at our disposal for organic growth or acquisitions that we are planning to consistently exploit over the coming years - not only in our established business but also in the area of digital services,' says Voith's Chief Executive Officer Hubert Lienhard.

Voith GmbH Reports Earnings Results for the First Half of 2017; Provides Earnings Guidance for the Full Year of 2017

Voith GmbH reported earnings results for the first half of 2017. For the period, the Voith Group's core operating business continued to see positive developments. At EUR 1.97 billion against EUR 2.04 billion a year ago, Group sales were nevertheless around the previous-year level as a result of the low level of market-related orders received by Voith Turbo from some customer industries in the previous year. At the same time, Voith succeeded in further improving the profitability of the core business: the profit from operations of the three established Group Divisions increased to a total of EUR 117 million against EUR 110 million a year ago with Voith Paper excelling with a growth of 54%. In the core business, the return on sales increased to 6% against 5.5% a year ago. Voith retains its confidence with regard to the full fiscal year 2017. The Group will continue to invest in its digital transformation over the remaining course of the year. In the operating business, Voith continues to expect sales roughly matching the previous-year level and a slightly increasing volume of orders received in an ongoing challenging environment. The profit from operations will be clearly positive but is likely to fall below the level seen in the previous year as a result of the build-up costs for the Voith Digital Solutions Group Division in line with planning. The group net result will reach a record level in the anniversary year.

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