11/26/2015

Updated planning for 2016 confirms previous assumptions regarding business development

  • Sales growth 2016 of between 5% and 10% expected
  • EBIT margin 2016 will be between 4.0% and 4.5%
  • Planning for 2017 targets EBIT margin of between 5.5% and 6.0% on the basis of the current Group structure

The Executive Board and the Supervisory Board of Vossloh AG have approved the regular update of planning for the Group. This confirms the previous assumptions regarding business development. Accordingly, sales growth for the Group in the coming financial year 2016 will be between 5% and 10%. This does not include sales from the Rail Vehicles business unit because it will be sold to Stadler Rail AG. Completion of this transaction, which is subject, among other things, to approval from antitrust authorities, is expected in the first quarter of 2016. For the current financial year 2015, Vossloh anticipates for the Group, excluding the business unit that is up for sale, sales in the amount of approximately €1.13 to €1.16 billion after €1.1 billion in financial year 2014.

As already assumed in the planning presented in December 2014, earnings before interest and taxes – EBIT – for financial year 2016 will show only limited improvement due to the ongoing restructuring measures and repositioning of the Group along with the planned intensified expenditures for the acceleration of innovations. For 2016, the Executive Board anticipates an EBIT margin of between 4.0% and 4.5%. The expectation of an EBIT margin between 3% and 4% for the financial year 2015 was already communicated with the publication of the interim report as per September 30, 2015. In 2017, the EBIT margin should be between 5.5% and 6.0% on the basis of the current Group structure. Vossloh will publish the annual financial statements for financial year 2015 on March 17, 2016.

Werdohl, November 26, 2015

Contact information for media:
Lucia Mathée, MATHEE GmbH
Phone: (+49-23 92) 52-608
Email: presse@ag.vossloh.com

Contact information for investors:
Lucia Mathée, MATHEE GmbH
Phone: (+49-23 92) 52-609
Email: investor.relations@ag.vossloh.com

Vossloh is a global player in the rail technology markets. Our core business is rail infrastructure. In addition, the Group is active in the areas of rolling stock and electric buses. Since January 1, 2015, the activities of the Group have been divided into the four divisions Core Components, Customized Modules, Lifecycle Solutions and Transportation. In financial year 2014, Vossloh generated sales of €1.1 billion with more than 4,900 employees.