Vossloh warns 2014 margin to reach lower end of target range
FRANKFURT, April 30
FRANKFURT, April 30 (Reuters) - Vossloh, a German maker of rail technology and trains, said on Wednesday it now saw its 2014 operating profit margin at the lower end of its target range of 5-7 percent, citing high expenses related to regulatory processes.
Its first-quarter earnings before interest and tax (EBIT) fell 31 percent to 6.5 million euros ($9 million) as its transportation business posted a quarterly loss.
($1 = 0.7237 Euros) (Reporting by Maria Sheahan)
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