Vossloh AG

M&A Activity • Jan 11, 2007

News Details

Ad-hoc | 11 January 2007 00:23

Vossloh AG: Vossloh selling Information Technologies division at a loss

Vossloh AG / Disposal

Ad hoc announcement according to § 15 WpHG transmitted by DGAP - a company
of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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The Vossloh Group has sold its Information Technologies division (VIT) to
Funkwerk AG which will take over the unit cash and debt free for a
prelimi-nary price of €8 million. The price is subject to adjustment
depending on VIT’s net working capital trend and the transaction as such to
approval from Vossloh AG’s Supervisory Board and from the Federal Cartel
Office.

For the first nine months of fiscal 2006, Vossloh Information Technologies
had reported a pretax loss of €9.3 million. The disposal will result in a
book loss of €15 million for the Vossloh Group. As a consequence, group
earnings are pre-dicted to amount to €20 million.

For fiscal 2006, Vossloh has forecasted group sales of around €1 billion
and an EBIT of €82.5 million. The book loss from the disposal of
Information Technologies does not impinge on this figure since Vossloh
Information Tech-nologies as a disposal group no longer impacts on the
Group’s EBIT.

Werdohl, January 10, 2007

Vossloh AG
The Executive Board

DGAP 11.01.2007

Language: English
Issuer: Vossloh AG
Vosslohstr. 4
58791 Werdohl Deutschland
Phone: +49 (0)2392 52 - 249
Fax: +49 (0)2392 52 - 264
E-mail: investor.relations@ag.vossloh.com
WWW: www.ag.vossloh.com
ISIN: DE0007667107
WKN: 766710
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Hannover, München, Hamburg, Stuttgart

End of News DGAP News-Service

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