Vossloh AG

Earnings Release • May 27, 2003

News Details

Ad-hoc | 27 May 2003 08:10

Vossloh AG english

Vossloh: sales and earnings projections for 2003 upped Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Vossloh: sales and earnings projections for 2003 upped Solid business progress in the first four months of the current fiscal year has prompted the Vossloh Group to up its sales and earnings projections for 2003. Group sales are now forecasted to rise nearly 20 percent, from the year-earlier EUR 744.5 million to almost EUR 890 million (until now budgeted at a good EUR 870 million) while EBIT is expected to climb around 24 percent from EUR 78.4 million to a good EUR 97 million (until now budgeted at almost EUR 95 million). Group earnings originally targeted at EUR 52 million, are now expected to advance to around EUR 53.5 million, topping the already high year-earlier level. In the first four months of 2003, the Group generated sales of EUR 224.6 million, which is 16.8 percent higher than the like-for-like year-earlier EUR 192.3 million. First-third EBIT totaled EUR 34.5 million, almost triple the like-for-like year-earlier EUR 12.0 million, and includes net income of EUR 14.5 million from the disposal of the final third of the VAE stake with effect as of January 2, 2003. Adjusted for this, the EBIT rise is EUR 8.0 million or 66.6 percent to EUR 20.0 million. Group earnings for January through April 2003 reached EUR 23.6 million compared with EUR 4.5 million in 2002, this being equivalent to an EpS of EUR 1.71 versus EUR 0.33 a year earlier. Werdohl, May 27, 2003 Vossloh AG, the Executive Board end of ad-hoc-announcement (c)DGAP 27.05.2003 ——————————————————————————– WKN: 766710; ISIN: DE0007667107; Index: MDAX Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hannover, München und Stuttgart 270810 Mai 03