Vossloh AG

Earnings Release • Jul 7, 2011

News Details

Ad-hoc | 7 July 2011 18:03

Vossloh AG: Vossloh adjusts profit forecast

Vossloh AG / Key word(s): Profit Warning

07.07.2011 18:03

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Vossloh adjusts profit forecast

• External factors in international markets depress sales and EBIT

• Sales of up to EUR1.25 billion and EBIT of EUR120-EUR130 million
  expected for 2011

• Fiscal 2012 to see rebounding sales and earnings

Werdohl, July 7, 2011. Due to external factors in international markets,
the Vossloh Group expects its current-year prospects to be dimmed. From
today's vantage point, Vossloh predicts 2011 sales not to exceed EUR1.25
billion and EBIT to range from EUR120-EUR130 million. This forecast revises
the previous budget of sales at around EUR1.4 billion and an EBIT in excess
of EUR160 million.

The primary reason for the updated forecast is the significantly delayed
call-offs of products to be installed in Chinese high-speed railway lines.
A change in the topmost post in China's Railway Ministry in early 2011 has
delayed a number of projects. Vossloh is consequently downscaling the
expected magnitude in 2011 of its sales in China to well below EUR100
million. Caused by technical problems of other project partners, rail
fastener orders in Russia have likewise been rescheduled, prompting Vossloh
to forecast Russian sales in 2011 only at a low double-digit million euro
level. Compounding the situation is slacker-than-expected business in parts
of Southern Europe.

For 2012 Vossloh envisages an appreciable resurgence of sales and earnings,
an assessment corroborated by the towering order backlog which is currently
still at the record level of around EUR1.4 billion.

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Language: English
Company: Vossloh AG
Vosslohstr. 4
58791 Werdohl
Deutschland
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
E-mail: investor.relations@ag.vossloh.com
Internet: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Hannover, München, Stuttgart

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