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Vossloh AG
Earnings Release • Jul 19, 2021
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Earnings Release
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News Details
Ad-hoc | 19 July 2021 16:15
Vossloh Aktiengesellschaft: Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed
Vossloh Aktiengesellschaft / Key word(s): Change in Forecast
Vossloh Aktiengesellschaft: Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed
19-Jul-2021 / 16:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
For the current fiscal year, Vossloh expects higher sales than previously anticipated. From today’s perspective, the Group estimates sales of between €900 million and €950 million. The previous outlook was in a corridor between €850 million and €925 million. Improvements are expected in particular at the Fastening Systems business unit and Customized Modules division. In terms of profitability, Vossloh continues to anticipate an EBITDA margin of 13 to 14 percent and an EBIT margin of 7 to 8 percent for fiscal year 2021. The profitability guidance is confirmed despite expected significant burdens due to strongly increased material prices, which will impact negatively Vossloh’s earnings especially in the second half of 2021. Compared to the previous year, this means a significant overall increase in operating profitability.
The outlook is supported in part by the strong business performance in the first half of 2021. Based on preliminary figures, Vossloh generated sales of €462.6 million (previous year: €393.2 million) and EBIT of €42.4 million (previous year: €30.1 million) in the six-month period. Accordingly, the EBIT margin was 9.2% (previous year: 7.6%) and the EBITDA margin 14.8% (previous year: 14.0%). It should be noted that the previous year’s figures included a significant one-time book effect that was recognized in profit and loss resulting from the transitional consolidation of a company. On an operating basis, the increase in earnings and profitability was therefore even stronger. In particular this strong performance was due to higher sales at the Fastening Systems business unit. At the same time, the Customized Modules division significantly improved its profitability year on year.
The full figures for the first half of 2021 will be published with the interim report on July 28, 2021.
Contact:
Vossloh Aktiengesellschaft
Investor Relations
Dr. Daniel Gavranovic
Phone: +49-2392-52-609
Mail: [email protected]
19-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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 |
| Indices: | SDAX |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1219988 |
| End of Announcement | DGAP News Service |