Vossloh AG

Earnings Release • Jul 23, 2013

News Details

Ad-hoc | 23 July 2013 11:04

Vossloh Aktiengesellschaft: Vossloh reporting negative group earnings for H1/2013 – Fiscal 2013 EBIT to be significantly below prior year’s

Vossloh Aktiengesellschaft / Key word(s): Profit Warning

23.07.2013 11:04

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• Transportation division with severe second-quarter loss, largely due to a
  provision for damages claimed

• EBIT margin probably at 4-5 percent and hence well short of the lower end
  of the forecast bandwidth of 6-8 percent

Contrary to expectations, the Vossloh Group's EBIT this year will not reach
the magnitude of 2012 but remain well below. Vossloh's H1/2013 EBIT was
significantly down year-on-year and its group earnings turned red. A key
reason for this downturn is an additional provision in a double-digit
million magnitude for damages claimed in a lawsuit involving the
Transportation Systems business unit. Moreover, ongoing delays of certain
projects at the Transportation division are weighing on sales and EBIT
trends.

In all, Vossloh forecasts the growth of its 2013 sales to reach about 5
percent and hence remain at the lower end of the originally budgeted
bandwidth of 5-10 percent. For its EBIT margin, the Vossloh Group had
predicted a range of 6-8 percent, depending on rail fastener shipments in
China and how work progresses on major projects in the Transportation
division. The EBIT margin for 2013 is now forecast at 4-5 percent. On July
25, 2013, Vossloh will publish its 2013 semiannual financial report.

23.07.2013 DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Germany
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: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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