Vossloh stock: Quirin keeps Buy rating, cuts target to EUR 76

Quirin Privatbank retained its Buy rating on Vossloh AG in research published on Monday, October 26, but cut the target price to EUR 76 from EUR 80. The bank said a strong fourth quarter is needed for the rail infrastructure group to reach its 2026 objectives. The research was disseminated by Deutsche Boerse.

Vossloh stock traded at 50.98 euros on Lang & Schwarz at 13:32 CET on Thursday, November 5, 2026. Investors can follow the real-time quote of Vossloh stock.

Revenue growth meets margin pressure

Vossloh reported third-quarter revenue of EUR 376.6 million, up 15.6 percent from a year earlier. EBITDA remained at EUR 47.6 million, while EBIT declined 22.8 percent to EUR 24.2 million. Quirin noted that revenue would have been about 5 percent lower without the contribution from Sateba, acquired by Vossloh's group.

The analyst expects Vossloh to deliver a substantial step-up in the final quarter to reach the lower ends of its annual targets. Quirin's calculations point to fourth-quarter revenue of about EUR 423.2 million, EBITDA of about EUR 66.5 million and EBIT of about EUR 43.4 million. These are analyst calculations based on reported figures and company guidance, not separate company guidance.

Execution is the next catalyst

Vossloh expects full-year 2026 sales near the midpoint of its EUR 1.51 billion to EUR 1.61 billion range. EBITDA of EUR 195 million to EUR 210 million and EBIT of EUR 100 million to EUR 110 million are expected toward the lower parts of the respective ranges.

Quirin identified healthy-margin machine deliveries in Lifecycle Solutions, delayed projects in Morocco and Italy, and higher customer call-offs, including from Deutsche Bahn, as potential fourth-quarter supports. The analysis also highlighted weaker Sateba sales and the need for improved volume absorption and capacity adjustments in the United Kingdom.

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For investors, the lower target price alongside the unchanged Buy rating signals confidence in Vossloh's long-term rail replacement and modernization demand, but also a higher near-term dependence on project execution and fourth-quarter margins. More news and analyses on Vossloh stock are available here.