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Vossloh warns 2014 margin to reach lower end of target range
April 30, 2014 / 6:41 AM / 3 years ago

Vossloh warns 2014 margin to reach lower end of target range

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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