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Vossloh AG
Earnings Release • Oct 17, 2022
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Earnings Release
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News Details
Ad-hoc | 17 October 2022 16:34
Vossloh Aktiengesellschaft: Vossloh with strong third quarter and positive outlook for the year – sales and earnings guidance for 2022 specified
Vossloh Aktiengesellschaft / Key word(s): Change in Forecast
Vossloh Aktiengesellschaft: Vossloh with strong third quarter and positive outlook for the year – sales and earnings guidance for 2022 specified
17-Oct-2022 / 16:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Following a comprehensive reassessment of opportunities and risks in the further course of the year, the Executive Board of Vossloh AG („Vossloh“) specified its most recently communicated guidance for fiscal year 2022 (see ad hoc announcement dated May 12, 2022).
From today’s perspective, the Executive Board expects sales to be between €1.0 billion and €1.05 billion, while the most recently communicated expectation was in a corridor between €0.95 billion and €1.05 billion. With regard to profitability, Vossloh now expects an EBITDA margin for the full year of between 12.0 percent and 12.5 percent respectively an EBIT margin of between 7.0 percent and 7.5 percent. Most recently, an EBITDA margin of between 11.5 percent and 13.5 percent and an EBIT margin between 6.0 percent and 8.0 percent was forecasted. The more specific earnings forecast compared with the previous forecast corridors is due in particular to a lower overall burden from rising material and energy costs and lower other inflation-related cost increases.
Based on preliminary figures, Vossloh generated sales of €279.8 million (previous year: €235.8 million) and EBITDA of €39.0 million (previous year: €32.4 million) and EBIT of €26.1 million (previous year: €19.8 million) in the third quarter of 2022. This corresponds to an EBITDA margin of 13.9 percent (previous year: 13.7 percent) respectively an EBIT margin of 9.3 percent (previous year: 8.4 percent).
The full figures for the first nine months of 2022 will be published with the interim statement on October 27, 2022.
The terms “EBITDA margin” and “EBIT margin” correspond to the definitions in the Annual Report 2021 (page 191), which is available at www.vossloh.com.
Contact:
Vossloh Aktiengesellschaft
Investor Relations
Dr. Daniel Gavranovic
Phone: +49-2392-52-609
Mail: [email protected]
17-Oct-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| 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 |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1465379 |
| End of Announcement | EQS News Service |