29.10.2015
Vossloh Aktiengesellschaft DE0007667107
DGAP-Adhoc: Vossloh Aktiengesellschaft: Vossloh recognizes business unit Rail Vehicles as 'discontinued operations'
Vossloh Aktiengesellschaft / Key word(s): 9-month figures
29.10.2015 13:13
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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As of September 30, 2015, Vossloh presents the business unit Rail Vehicles
as "discontinued operations". This is because, in light of the ultimately
accelerated course of talks with interested parties, it is very likely that
an actual sale will take place within the next months. Rail Vehicles,
headquartered in Valencia, Spain, is one of the three business units of
Vossloh's Transportation division, which has been put up for sale. Its
business operations focus on the development and manufacture of innovative
diesel-electric locomotives and light rail vehicles. In the financial year
2014, Rail Vehicles generated sales of EUR223.2 million, in the first nine
months of 2015 sales amounted to EUR182.4 million. The intended sale of the
business unit is a step towards the consistent implementation of Vossloh's
strategy, announced in December 2014, to focus on railway infrastructure.
Sales of the continuing operations of the Vossloh Group - not including the
business unit Rail Vehicles - were EUR867.9 million in the first nine
months of 2015 up by 6.0 percent compared to the previous year (EUR819.0
million). EBIT from continuing operations amounted to EUR29.3 million in
the reporting period. In the first nine months of 2014, EBIT adjusted for
one-time items had been at EUR15.3 million. Including the one-time items
incurred in the previous year, EBIT after nine months of 2014 had been
significantly negative and, after removing the contributions from the
business unit held for sale, amounted to EUR(158.4) million. The EBIT
margin after nine months of the current year amounted to 3.4 percent
(previous year, comparable: 1.9 percent).
29.10.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Germany
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
E-mail: [email protected]
Internet: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Hanover,
Munich, Stuttgart
End of Announcement DGAP News-Service
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