06.04.2017 VTG Aktiengesellschaft  DE000VTG9999

DGAP-News: VTG Aktiengesellschaft: VTG reports sharp increase in profitability in 2016 - and remains on course for success with its VTG 4.0 agenda

DGAP-News: VTG Aktiengesellschaft / Key word(s): Final Results VTG Aktiengesellschaft: VTG reports sharp increase in profitability in 2016 - and remains on course for success with its VTG 4.0 agenda 06.04.2017 / 10:00 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Press Release VTG reports sharp increase in profitability in 2016 - and remains on course for success with its VTG 4.0 agenda - Group net profit almost doubled in 2016 - Improved operating result (EBITDA) despite slight drop in revenue - Earnings before interest and taxes (EBIT) up again - Earnings per share (EPS) more than doubled - Revenue and profit expected to increase in 2017 - Plans to raise dividend from EUR 0.50 to EUR 0.75 per share Hamburg, April 6, 2017. VTG Aktiengesellschaft (WKN: VTG999), one of the leading wagon hire and rail logistics companies in Europe, became significantly more profitable in the financial year 2016: Its Group net profit nearly doubled to EUR 57.5 million (previous year: EUR 29.4 million). The company today presented its audited figures for 2016 in Hamburg. Although revenue declined by 4.0 percent to EUR 986.9 million (previous year: EUR 1,027.5 million), the operating result (EBITDA) rose by 2.6 percent to EUR 345.3 million (previous year: EUR 336.5 million). Earnings before interest and taxes (EBIT) increased by 3.8 percent to EUR 149.7 million (previous year: EUR 144.1 million). Earnings per share (EPS) jumped by 108 percent to EUR 1.56 (previous year: EUR 0.75). This positive development is the result of the successful VTG 4.0 agenda, aspects of which include refinancing in 2015 and the realization of synergies following the takeover of AAE. Since profitability has improved sustainably, the Executive Board proposes that the dividend this year be increased from EUR 0.50 to EUR 0.75 per share. "2016 was an important year for the development of VTG. We increased our profitability significantly and sustainably, and we nearly doubled our group net profit. The VTG 4.0 agenda is bearing fruit, and we have now charted a clear course toward further growth and success. The realization of valuable synergies arising from the acquisition of AAE and our successful refinancing exercise in 2015 played a major part in this advancement," says Dr. Heiko Fischer, CEO of VTG AG. "We have set ourselves further goals for 2017 and expect to see a mild positive trend in revenue and profit. We are also continuing to work on our strategy of making rail more attractive and more competitive - for example by digitizing the entire European VTG fleet. We are thus convinced that we will reach both the goals of VTG 4.0 and our financial objectives, such as earnings per share of EUR 2.50 in the years ahead." Railcar: EBITDA up - Revenue slightly down The Railcar Division posted revenue of EUR 517.2 million in the financial year 2016 (previous year: EUR 537.2 million), a drop of 3.7 percent year on year. Roughly a quarter of the decline in revenue was due to better capacity utilization with internal production orders at the company's own factories and had no effect on earnings. On top of slack demand in some wagon segments, however, weaker trading activity in Europe, low diesel prices and the decrease in truck tolls in Germany in particular placed a burden on intermodal business. Across the global fleet, capacity utilization thus fell to 89.8 percent (previous year: 90.6 percent). On the other hand, synergies from the AAE acquisition, internal efficiency programs and one instance of one-time income were more than enough to offset the decline in revenue, with the result that EBITDA improved by 2.6 percent, from EUR 335.4 million in the previous year to EUR 344.3 million in the financial year 2016. Rail Logistics: Positive earnings trend continues - Tank Container Logistics feeling the effects of more difficult market conditions The Rail Logistics Division saw revenue decline by 3.6 percent to EUR 312.3 million in the financial year 2016 (previous year: EUR 324.0 million). Besides production outages at our customers and lower demand for transportation in the agricultural sector, a further factor in this slight decline was the discontinuation of low-margin business. Despite the fall in revenue, EBITDA for the division improved sharply, climbing 71.2 percent to EUR 5.8 million, up from EUR 3.4 million in the previous year. The main contributors to this development were a focus on higher-margin orders and the process optimization measures completed in 2015. While global transportation volumes at Tank Container Logistics remained stable year on year in the financial year 2016, lower freight rates caused the division's revenue to decline by 5.3 percent to EUR 157.4 million (previous year: EUR 166.3 million). Primarily due to the elimination of one-time income totaling EUR 1.5 million from the sale of an associated company in the first quarter of 2015, EBITDA slipped from EUR 13.6 million to EUR 11.2 million in the period under review. Adjusted for the one-time effect, this equates to a decline of 7.2 percent. Revenue and EBITDA expected to increase - Substantially higher dividend proposed The Executive Board of VTG anticipates a mild positive trend in business development in 2017. In line with moderate growth prospects, especially for Europe, revenue at the VTG Group is expected to edge up. Despite the elimination of one-time income from the previous year, EBITDA too is expected to increase slightly. The acquisition of AAE has nevertheless significantly increased the Group's profitability - a fact which the Executive Board believes should be reflected in a similarly significant increase in the dividend. The Board therefore intends to propose to the Annual General Meeting that the previous year's dividend of EUR 0.50 per share be increased this year to EUR 0.75 per share. The Board has also set itself the goal of improving earnings per share to EUR 2.50 by 2018/2019. Key figures for the VTG Group 1.1. - 1.1. - Chang- 31.12. 31.12. e Financial Year 2016 2015 in % Revenue in EUR million 986.9 1,027.5 -4.0 EBITDA in EUR million 345.3 336.5 2.6 EBIT in EUR million 149.7 144.1 3.8 EBT in EUR million 88.2 45.9 92.3 Group profit in EUR million 57.5 29.4 95.5 Depreciation and amortization in EUR 195.6 192.4 1.7 million Capital expenditure in EUR million 259.3 195.8 32.5 Operating cash flow in EUR million 326.2 282.9 15.3 Earnings per share in EUR 1.56 0.75 108.0 Railcar division Revenue in EUR million 517.2 537.2 -3.7 EBITDA in EUR million 344.3 335.4 2.6 EBITDA margin in % 66.6 62.4 Rail Logistics division Revenue in EUR million 312.3 324.0 -3.6 EBITDA in EUR million 5.8 3.4 71.2 EBITDA margin in % 20.9 12.2 Tank Container Logistics division Revenue in EUR million 157.4 166.3 -5.3 EBITDA in EUR million 11.2 13.6 -17.5 EBITDA margin in % 39.4 47.4 Chang- e 31.12.2016 31.12.2015 in % Number of employees 1,443 1,445 -0.1 - in Germany 958 942 1.7 - abroad 485 503 -3.6 Chang- e 31.12.2016 31.12.2015 in % Balance sheet total in EUR million 3,001.5 3,047.1 -1.5 Non-current assets in EUR million 2,726.2 2,708.1 0.7 Current assets in EUR million 275.3 339.0 -18.8 Shareholders equity in EUR million 774.0 748.2 3.4 Liabilities in EUR million 2,227.5 2,298.9 -3.1 Equity ratio in % 25.8 24.6 About VTG: VTG Aktiengesellschaft is one of Europe's leading wagon hire and rail logistics companies, with a fleet consisting of more than 80,000 railcars. VTG offers a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. With the combination of its three interlinked divisions Railcar, Rail Logistics and Tank Container Logistics, VTG offers its customers a high-performance platform for international transport of their freight. The Group has many years of experience and specific expertise, in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost every industrial sector, for example the chemical, petroleum, automotive, paper and agricultural industries. In the financial year 2016, VTG generated revenue of EUR 987 million and operating profit (EBITDA) of EUR 345 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, North America, Russia and Asia. As at 31 December 2016, VTG had 1,443 employees worldwide in consolidated companies. VTG AG is listed on the official Prime Standard market of the Frankfurt Stock Exchange and also on the SDAX (WKN: VTG999). Press contact: Gunilla Pendt Head of Corporate Communications Telephone: +49 (0) 40 23 54-1341 Fax: +49 (0) 40 23 54-1340 E-mail: [email protected] Investor relations contact: Christoph Marx Head of Investor Relations Telephone: +49 (0) 40 23 54-1351 Fax: +49 (0) 40 23 54-1350 E-mail: [email protected] More information at www.vtg.com --------------------------------------------------------------------------- 06.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: VTG Aktiengesellschaft Nagelsweg 34 20097 Hamburg Germany Phone: 040 2354 1351 Fax: 040 2354 1350 E-mail: [email protected] Internet: www.vtg.de ISIN: DE000VTG9999 WKN: VTG999 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 562593 06.04.2017

Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 1.027,50 986,90 1.014,40 1.072,60 1.200,70 1.218,30 0,00
EBITDA1,2 336,50 345,30 343,40 349,30 512,40 492,00 0,00
EBITDA-Marge3 32,75 34,99 33,85 32,57 42,68 40,38 0,00
EBIT1,4 144,10 149,70 155,10 149,40 230,90 170,10 0,00
EBIT-Marge5 14,02 15,17 15,29 13,93 19,23 13,96 0,00
Jahresüberschuss1 29,40 57,50 68,10 45,50 112,20 21,90 0,00
Netto-Marge6 2,86 5,83 6,71 4,24 9,34 1,80 0,00
Cashflow1,7 282,90 326,20 295,90 332,80 421,10 517,80 0,00
Ergebnis je Aktie8 0,75 1,56 1,93 1,01 2,92 0,55 1,90
Dividende8 0,50 0,75 0,90 0,95 1,10 1,10 1,10
Quelle: boersengefluester.de und Firmenangaben

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1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

WKN Kurs in € Einschätzung Börsenwert in Mio. €
VTG999 89,500 - 2.573,68
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
38,91 29,41 1,33 70,64
4,17 4,97 2,11 11,40
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
1,10 1,10 1,23 27.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
- - - 29.06.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
7,28% 50,04% 100,22% 99,33%
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Logistik/Verkehr , VTG999 , VT9 , XETR:VT9