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Vossloh AG
Earnings Release • Jan 20, 2021
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Earnings Release
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Corporate | 20 January 2021 13:39
Vossloh Aktiengesellschaft: Vossloh receives major order to deliver switch systems in Australia with a total sales volume of around €50 million
DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
20.01.2021 / 13:39
The issuer is solely responsible for the content of this announcement.
Vossloh receives major order to deliver switch systems in Australia with a total sales volume of around €50 million
– 1,700-km freight line connects Melbourne and Brisbane
– First switches for Inland Rail to be delivered in March 2021
– Sales volume of around €50 million over five years
Werdohl, January 20, 2021. Vossloh AG has received a major order of switch systems for the Australian Inland Rail project via its Australian subsidiary Vossloh Cogifer Australia Pty. Ltd. Inland Rail will connect the eastern Australian cities of Melbourne and Brisbane. Around 1,100 km of the planned 1,700-km freight line will be modernized, and 600 km will be newly built. The deliveries are spread over five years and have a total volume of around €50 million. The deliveries are reported as orders received at the time they are called off. The first switches will be delivered in March 2021. The customer is the state-owned ARTC, which manages most of the Australian rail network.
“This order is the biggest in the history of Vossloh in Australia. It highlights our strong market position and the increasing importance of the Australian market,” explains Oliver Schuster, Chief Executive Officer of Vossloh AG. “We are honored that our long-standing customer ARTC has once again placed its trust in us and that we can contribute to the biggest rail infrastructure project for freight transport in Australia.”
Vossloh Cogifer Australia Pty. Ltd. is part of the Customized Modules division in the Vossloh Group. The company is headquartered in Castlemaine in the state of Victoria, employs around 70 workers in Australia, and specializes in the manufacture and maintenance of switch systems.
Contact information for the media:
Gundolf Moritz (Mirnock Consulting)
Phone: +49 (0) 2392 52-608
Email: [email protected]
Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email: [email protected]
Vossloh is active in rail infrastructure markets worldwide. The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2019 fiscal year, Vossloh achieved sales of €916.4 million with an average of 3,786 employees.
*Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * www.vossloh.com
Company headquarters: Werdohl * Commercial register: Local court of Iserlohn HRB 5292
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube
Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall*
20.01.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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: | 1161916 |
| End of News | DGAP News Service |