12.05.2016 VTG Aktiengesellschaft  DE000VTG9999

DGAP-News: VTG Aktiengesellschaft: VTG gets off to a solid start in 2016

DGAP-News: VTG Aktiengesellschaft / Key word(s): Quarter Results VTG Aktiengesellschaft: VTG gets off to a solid start in 2016 12.05.2016 / 07:30 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- VTG gets off to a solid start in 2016 - Slight decrease in revenue and EBITDA - Group net profit more than doubles - Earnings per share triple - Corporate strategy 4.0 showing positive effects - Fleet expansion to more than 82,000 wagons - 2016 forecast confirmed Hamburg, May 12, 2016. VTG Aktiengesellschaft (WKN: VTG999), one of the leading wagon hire and rail logistics companies in Europe, demonstrated sound business development in the first quarter of 2016. With Group revenue at EUR 243.8 million (previous year: EUR 251.7 million), and EBITDA at EUR 81.6 million (previous year: EUR 83.6 million), figures fell just short of the previous year. The Group net profit more than doubled and reached EUR 11.8 million (previous year: EUR 5.3 million). Earnings per share (EPS) even tripled and rose from EUR 0.10 in the first quarter of 2015 to EUR 0.30. Both of these figures reflect the positive impact of VTG's Strategy 4.0, which, inter alia, strives for EPS of EUR 2.50 by 2018. "We are satisfied with the first quarter results. The remarkable increase in the Group net profit and EPS confirms that our 4.0 Strategy is leading us along the right path", explained Dr. Heiko Fischer, CEO of VTG Aktiengesellschaft, and added: "Our wagon fleet has also expanded even further. We are therefore continuing to pursue our altogether positive business development. A more positive trend in relation to revenue and EBITDA was, however, somewhat curbed over the last months due to the low diesel price, the truck toll reduction in Germany and slightly weaker world trade volumes." Slight decline in Railcar revenue due to one-time effects - EBITDA margin increases The Railcar Division attained revenue of EUR 129.0 million (previous year: EUR 132.5 million) in the first three months of 2016. This corresponds to a slight decline of 2.7 percent which is essentially attributable to the sale of a wagon fleet at the end of the first quarter of 2015 and a change in investor pool accounting which did not affect operating results. In addition, the low diesel price led to a shift to road transportation and, consequently, to a slight decrease in the intermodal wagon utilization rate. The utilization of the entire fleet decreased to 90.6 percent (previous year: 90.9 percent). Due to these aspects, EBITDA fell by 1.0 percent to EUR 82.0 million in comparison to the EUR 82.8 million achieved in the same period of the previous year. Nevertheless, at the same time, the EBITDA margin related to revenue increased by 1.1 percentage points to 63.6 percent compared to the previous year (62.5 percent). At EUR 51.6 million, investments in the first quarter of 2016 were virtually on a par with the previous year's level of EUR 50.5 million. In relation to newbuilds, investments were exclusively made in Europe, where around 400 wagons were added in the first quarter. New structures taking effect in the logistics divisions - weak US dollar affects revenue The Rail Logistics Division recorded a slight, 4.3 percent decline in revenue in the first quarter of 2016 to EUR 74.2 million (previous year: EUR 77.5 million). Besides customer production downtimes and the current sluggish demand for transport in the agricultural sector, the mild winter in Europe particularly contributed to this result, leading to reduced demand for the transport and consumption of heating oil and LPG. Despite the downtrend in revenue, the division's EBITDA significantly improved in the first quarter of 2016, amounting to EUR 1.1 million in comparison to EUR 0.2 million in the same period of the previous year. This is predominantly a result of the successfully implemented reorganization and the new, more efficient processes in place within the division. The EBITDA margin for Rail Logistics increased accordingly in the first quarter of 2016 to 16.1 percent compared to 3.8 percent for the same previous year period. Tank Container Logistics achieved a good transport volume with an increasing number of orders in Europe and stable levels of overseas transportation. Nevertheless, due to the weak US dollar, revenue in euro terms fell by 2.6 percent from EUR 41.7 to 40.6 million in the first quarter, compared to the previous year. Mostly owned to the absence of extraordinary results of EUR 1.5 million from the sale of a holding in the first quarter of 2015, EBITDA declined, as expected, by 42.3 percent, from 4.1 million to EUR 2.3 million in the reporting quarter. Adjusted for the positive one-time effect, EBITDA was 8.3 percent lower than the previous year (adj. EUR 2.6 million) in the first quarter of 2016. The EBITDA margin therefore amounted to 33.2 percent which was only slightly less than the adjusted figure from the previous year (adj. 36.1 percent). VTG confirms forecast for 2016 The VTG AG Executive Board confirmed the forecast for the 2016 financial year which was proposed in February. It expects to achieve Group revenue of between EUR 1.03 and 1.07 billion and EBITDA of between EUR 345 to 355 million.
Key Figures for the VTG Group

Financial year               1.1.-31.3.  1.1.- 1.3.            Change in %
                                   2016        2015
Revenue in EUR million            243.8       251.7                   -3.2
EBITDA in EUR million              81.6        83.6                   -2.5
EBIT in EUR million                34.9        34.8                    0.3
EBT in EUR million                 18.1         8.9                  103.3
Group net profit                   11.8         5.3                  120.2
in EUR million
Depreciation and                   46.7        48.8                   -4.4
in EUR million
Capital expenditure                51.6        50.5                    2.2
in EUR million
Operating cash flow                66.3        93.2                  -28.9
in EUR million
Earnings per share in EUR          0.30        0.10                  200.0
Railcar Division
Revenue in EUR million            129.0       132.5                   -2.7
EBITDA in EUR million              82.0        82.8                   -1.0
EBITDA margin in %                 63.6        62.5
Rail Logistics Division
Revenue in EUR million             74.2        77.5                   -4.3
EBITDA in EUR million               1.1         0.2                   >100
EBITDA margin in %                 16.1         3.8
Tank Container Logistics
Revenue in EUR million             40.6        41.7                   -2.6
EBITDA in EUR million               2.3         4.1                  -42.3
EBITDA margin in %                 33.2        57.3
                             31.03.2016  31.03.2015            Change in %
Number of employees               1,437       1,446                   -0.6
- in Germany                        934         918                    1.7
- abroad                            508         528                   -4.7
                             31.03.2016  31.12.2015            Change in %
Balance sheet total             3,034.7     3,047.1                   -0.4
in EUR million
Non-current assets              2,691.8     2,708.1                   -0.6
in EUR million
Current assets                    342.9       339.0                    1.2
in EUR million
Shareholders equity               739.5       748.2                   -1.2
in EUR million
Liabilities in EUR million      2,295.2     2,298.9                   -0.2
Equity ratio in %                  24.4        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 2015, VTG generated revenue of EUR 1,027.5 million and operating profit (EBITDA) of EUR 336.5 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 2015, VTG had 1,445 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 Email: [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 Email: [email protected] More information at www.vtg.com --------------------------------------------------------------------------- 12.05.2016 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. Media archive at www.dgap-medientreff.de and 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 End of News DGAP News Service --------------------------------------------------------------------------- 462711 12.05.2016

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

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
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 90,000 - 2.588,06
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
39,13 29,44 1,33 71,03
4,19 5,00 2,12 11,43
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
1,10 1,10 1,22 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
13,04% 54,96% 101,34% 102,25%
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Logistik/Verkehr , VTG999 , VT9 , XETR:VT9