Voith Group is a global technology company that provides a range of systems, products, services, and digital applications. It operates through four divisions: Voith Hydro, Voith Paper, Voith Turbo, and Voith Digital Ventures. The company provides automation and digital solutions, braking systems, connection components and couplings, transmissions, electronics, hydropower components, papermaking components, robotics solutions, etc.

Employee Rating

3.8More
TypeSubsidiary
Parent CompanyJMV
HQHeidenheim an der Brenz, DE
Founded1867
Websitevoith.com
Cybersecurity ratingCMore
Voith was founded in 1867 and is headquartered in Heidenheim an der Brenz, DE

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Key People/Management at Voith

Toralf Haag

Toralf Haag

President & CEO, Chairman
Cornelius Weitzmann

Cornelius Weitzmann

Member of the Corporate Board of Management President & CEO Group Division Turbo
Uwe Knotzer

Uwe Knotzer

Member of the Corporate Board of Management, President & CEO Group Division Turbo
Martin Sieringhaus

Martin Sieringhaus

Chief Financial Officer, Voith Paper
Alexander Kienle

Alexander Kienle

Chief Financial Officer, Voith Paper
Benedikt Hofmann

Benedikt Hofmann

Chief Technology Officer, Voith Digital Ventures
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Voith Office Locations

Voith has offices in Heidenheim an der Brenz, Aachen, Bayreuth, Berlin and in 144 other locations
Heidenheim an der Brenz, DE (HQ)
St. Pöltener Str. 43
Aachen, DE
Uersfeld 24
Bayreuth, DE
Dr.-Hans-Frisch-Straße 4
Berlin, DE
Böttgerstraße 16
Crailsheim, DE
Voithstraße 1
Düren, DE
Veldener Str. 52
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Voith Financials and Metrics

Summary Metrics

Founding Date

1867
Voith is a subsidiary of JMV

Voith Revenue

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Voith's revenue was reported to be €4.17 b in FY, 2020 which is a 2.4% decrease from the previous period.
Annual
EURFY, 2018FY, 2019FY, 2020

Revenue

4.2b4.3b4.2b

Revenue growth, %

2%(2%)

Cost of goods sold

1.9b1.9b1.8m

Gross profit

2.3b2.4b4.2b
Half Year
EURH1, 2018

Revenue

2.0b

Cost of goods sold

923.0m

Gross profit

1.1b

Gross profit Margin, %

55%
Annual
EURFY, 2018FY, 2019FY, 2020

Cash

341.7m417.9m581.8m

Accounts Receivable

688.0m657.1m674.8m

Inventories

603.5m599.3m591.9m

Current Assets

2.9b2.9b2.8b
Half Year
EURH1, 2018

Cash

411.8m

Accounts Receivable

745.1m

Inventories

614.3m

Current Assets

3.1b
Annual
EURFY, 2018FY, 2019FY, 2020

Depreciation and Amortization

126.4m122.5m168.4m

Cash From Operating Activities

30.7m46.2m234.2m

Purchases of PP&E

(93.6m)(112.7m)(95.8m)

Cash From Investing Activities

(68.6m)123.9m265.4m
Half Year
EURH1, 2018

Depreciation and Amortization

63.0m

Cash From Operating Activities

(30.9m)

Purchases of PP&E

(39.6m)

Cash From Investing Activities

(56.8m)
EURH1, 2018

Revenue/Employee

107.8k

Debt/Equity

0.4 x

Debt/Assets

0.1 x

Financial Leverage

3.7 x
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Voith Operating Metrics

FY, 2017H1, 2018FY, 2018FY, 2019

Countries

606060

Orders Received

€4.37 b€2.29 b€4.29 b€4.69 b

Orders Received (Hydro)

€1.18 b€380 m€856 m€1.62 b

Orders Received (Turbo)

$1.34 b€697 m€1.38 b€1.45 b
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Voith Acquisitions / Subsidiaries

Company NameDateDeal Size
ToscotecApril 30, 2020
Ray Sono AGMay 15, 2017
BHS GetriebeJuly 21, 2007
Alesti Electronics AB
Appello Technologies AB
Conquest Timber-Tec PTE Limited
Devisoris Grundstücksverwaltungsgesellschaft mbH & Co. Vermietungs KG
First VHH GmbH
First VOC GmbH
First VPFZ GmbH
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Voith Revenue Breakdown

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Voith revenue breakdown by business segment: 43.0% from Paper, 32.0% from Turbo, 23.0% from Hydro and 2.0% from Other

Voith revenue breakdown by geographic segment: 25.0% from Americas, 27.0% from Europe (Excluding Germany), 28.0% from Asia, 17.0% from Germany and 3.0% from Other

Human Capital Metrics

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Voith Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Voith Online and Social Media Presence

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Voith News and Updates

Voith to Increase Prices for Various Papermaking Products

Voith to Increase Prices for Various Papermaking Products

Newswire & Press Release / Full - line Supplier Voith Receives Order from Shandong Huatai Paper to Rebuild PM 11 for Production of Woodfree ... - Heavy Machinery / Handling Solutions - Voith GmbH

Newswire & Press Release / Full - line Supplier Voith Receives Order from Shandong Huatai Paper to Rebuild PM 11 for Production of Woodfree ... - Heavy Machinery / Handling Solutions - Voith GmbH

Voith Paper Fabrics India Ltd Q1FY22 net profit up at Rs . 79 . 11 lakhs

Voith Paper Fabrics India Ltd Q1FY22 net profit up at Rs . 79 . 11 lakhs

Newswire & Press Release / Voith Hydro Takes Next Step in Becoming Small Hydro System Integrator Successful Completion of Onboarding Process of ... - Manufacturing / Robotics - Voith GmbH

Newswire & Press Release / Voith Hydro Takes Next Step in Becoming Small Hydro System Integrator Successful Completion of Onboarding Process of ... - Manufacturing / Robotics - Voith GmbH

Voith universal joint shafts for small- to medium-sized drives

The S Series is the basic version of Voith universal joint shafts and has been de­signed for small- to medium-sized drives. The connection flanges are friction flanges. In building the S universal joint shafts, we use high-strength tempered and case-hardened steels that assure the ability to withsta…

Newswire & Press Release / Voith Wins AI Champions Award 2021 for its OnView . DigitalEye Innovation in the large Enterprise Category - Engineering / Artificial Intelligence - Voith GmbH

Newswire & Press Release / Voith Wins AI Champions Award 2021 for its OnView . DigitalEye Innovation in the large Enterprise Category - Engineering / Artificial Intelligence - Voith GmbH
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Voith Frequently Asked Questions

  • When was Voith founded?

    Voith was founded in 1867.

  • Who are Voith key executives?

    Voith's key executives are Toralf Haag, Cornelius Weitzmann and Uwe Knotzer.

  • How many employees does Voith have?

    Voith has 20,634 employees.

  • What is Voith revenue?

    Latest Voith annual revenue is €4.2 b.

  • What is Voith revenue per employee?

    Latest Voith revenue per employee is €202.2 k.

  • Who are Voith competitors?

    Competitors of Voith include Valmet, Alstom and Metso.

  • Where is Voith headquarters?

    Voith headquarters is located at St. Pöltener Str. 43, Heidenheim an der Brenz.

  • Where are Voith offices?

    Voith has offices in Heidenheim an der Brenz, Aachen, Bayreuth, Berlin and in 144 other locations.

  • How many offices does Voith have?

    Voith has 171 offices.