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Vossloh AG (VOSG.DE)

VOSG.DE on Xetra

60.59EUR
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Latest Key Developments (Source: Significant Developments)

Vossloh FY EBIT improved to 50.0 million euros
Thursday, 23 Mar 2017 02:44am EDT 

Vossloh AG : FY group's earnings before interest and taxes - EBIT - improved slightly better than expected from 42.3 million euros in 2015 to 50.0 million euros ($54.02 million) . FY sales revenues compared to previous year fell slightly to 931.6 million euros (previous year: 952.9 million euros) . In Transportation Division, order backlog as of Dec. 31, 2016 increased to 238.7 million euros (previous year: 99.3 million euros) . Expects that in current portfolio structure it will be able to achieve an EBIT margin for group of between 5.5 percent and 6.0 percent for full-year 2017 .For 2017, following a hesitant start as typical for business, Vossloh anticipates a sales increase to between 1.0 billion and 1.1 billion euros.  Full Article

Vossloh says chairman of supervisory board resigns
Wednesday, 22 Mar 2017 09:17am EDT 

Vossloh AG : Changes of the members of the supervisory board . Heinz Hermann Thiele, has informed management board that he resigns from his positions as chairman and member of supervisory board with effect as of end of annual general meeting on May 24, 2017 .Supervisory board to propose to AGM to appoint former vice chairman of management board of Deutsche Bahn AG, Volker Kefer, as successor for remaining term of Heinz Hermann Thiele's office.  Full Article

Vossloh: sale of electrical systems to Knorr-Bremse completed
Tuesday, 31 Jan 2017 10:52am EST 

Vossloh AG : Sale of electrical systems to Knorr-Bremse completed .With completion of transaction, net financial debt of Vossloh Group will be reduced by an amount in order of 45 million euros ($48.56 million).  Full Article

Vossloh sells Electrical Systems business unit to Knorr-Bremse
Wednesday, 21 Dec 2016 11:00am EST 

Vossloh AG : Vossloh signs contract for the sale of the Electrical Systems business unit to Knorr-Bremse . Vossloh receives a cash selling price of 72.5 million euros ($75.60 million). This includes a variable component of 25 million euros which is subject to future adjustment insofar as a project does not develop according to Vossloh's current expectations . Vossloh expects a net cash inflow in middle double-digit million range when transaction is completed .Completion of transaction is expected for Q1 2017.  Full Article

Vossloh acquires US rail infrastructure company Rocla Concrete Tie
Monday, 5 Dec 2016 12:54am EST 

Vossloh AG : Strengthens its competitive position in the USA with acquisition of rail infrastructure company Rocla Concrete Tie . Purchase price to be determined for debt-free company as at day of completion is expected to be approximately $117.2 million .Completion of acquisition is subject to merger control clearances and is expected at beginning of 2017.  Full Article

Vossloh dividend payments to resume only in medium term - CFO
Thursday, 17 Nov 2016 06:28am EST 

Vossloh in Reuters interview : CEO says aims to reach 2 billion eur annual sales in medium terms thanks to acquisitions, organic growth . CFO says looking at smaller to medium-sized acquisitions . CFO says dividend payment will only come in medium term Further company coverage: [VOSG.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Vossloh 9-month EBIT from continuing operations at EUR 34.7 mln
Thursday, 27 Oct 2016 01:02am EDT 

Vossloh AG : As of Sept. 30, 2016, Vossloh has presented electrical systems business unit as "discontinued operations" . As of September 30, an impairment loss of approximately eur 9 million was incurred on carrying amount of electrical systems business unit in accordance with ifrs 5 . Sales from continuing operations (exincluding electrical systems business unit) 664.1 million euros in first 9-mths of 2016, down 4.3% yoy . 9-month earnings before interest and taxes (EBIT) from continuing operations reached 34.7 million euros . Adjusted sales expectation for full-year 2016 of between 930 million and 970 million euros and an EBIT margin of between 4.5% and 5.0% .For 2017 excluding electrical systems, an EBIT margin at higher end of range 5.5-6.0 % stated is expected for 2017.  Full Article

Vossloh appoints Andreas Busemann as CEO of Vossloh AG
Thursday, 29 Sep 2016 09:46am EDT 

Vossloh AG : Supervisory board of Vossloh AG appoints new CEO with effect from April 1, 2017 .Appoints Andreas Busemann as CEO of Vossloh AG.  Full Article

Vossloh says Vossloh Locomotives wins locomotive contract
Friday, 29 Jul 2016 07:33am EDT 

Vossloh AG : Vossloh Locomotives wins major locomotive contract . Vossloh Locomotives in Kiel signed a contract for delivery of 44 DE 18 diesel-electric locomotives with French company Akiem S.A.S. Akiem is one of leading leasing firms for rail vehicles in europe .Volume of order amounts to about 140 million euros ($155.51 million).  Full Article

Vossloh wins additional large rail fastening systems order for high-speed line in China
Monday, 18 Jul 2016 04:00am EDT 

Vossloh AG : Wins additional large rail fastening systems order for high-speed line in China .Has won another tender for high-speed fastening systems worth approximately 50 million euros ($55.25 million).  Full Article

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BRIEF-Vossloh FY EBIT improved to 50.0 million euros

* FY group's earnings before interest and taxes - EBIT - improved slightly better than expected from 42.3 million euros in 2015 to 50.0 million euros ($54.02 million)