VOITH ENTERS NEW PHASE OF GROWTH
In the past fiscal year, the Voith Turbo Group Division presented a strategic roadmap for tapping the market for electric drives.
In the field of electromobility, the company aims to become a system vendor for electric drives and digital vehicle and fleet management systems in the coming years. It is to present its own fully electric drive for buses and a dynamic fleet management system to the trade public at the 2018 IAA Commercial Vehicles show.
Good business performance at the Group Divisions
The Voith Hydro Group Division can look back on a satisfactory 2016/17 fiscal year in which sales and profit from operations remained at a high level and its return improved slightly.
Voith Turbo performed pleasingly in a market environment that remained challenging for the most part. As expected, sales and profit from operations declined due to the fall in orders received in the previous years. However, orders received grew appreciably, surpassing expectations