DGAP-Adhoc: Vossloh Aktiengesellschaft: Provisional figures

Vossloh Aktiengesellschaft  / Key word(s): Preliminary Results

27.02.2014 18:49

Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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- Sales up by 6.3 percent to EUR1,321.2 million 
- EBIT squeezed by exceptional burdens of around EUR25 million
- EBIT drops to EUR54.2 million (down from EUR97.5 million)
- Sales prospects boosted by an order backlog of EUR1.73 billion
- 2014 outlook of double-digit sales growth and clearly rising EBIT
  reaffirmed

Provisional figures for fiscal 2013 indicate that the Vossloh Group raised
its sales by 6.3 percent to EUR1,321.2 million (up from EUR1,243.0) and
hence as budgeted by over 5 percent. The EBIT for the period will probably
total EUR54.2 million-well short of the prior year's EUR97.5 million. The
shortfall is chiefly due to exceptional burdens adding up to some EUR25
million. Also, project delays have depressed the margin in the
Transportation division.

Group earnings according to the figures provisionally available amount to
EUR15.0 million (down from EUR59.2 million). The probable tax load ratio
for 2013 is 34.6 percent (up from 27.3 %). The increase was mainly due to
losses of certain companies of Vossloh Switch Systems. Against the
background of the sharp reduction in earnings, Vossloh management board
decided to suggest a dividend of 0,50 EUR per share (down from 2.00 EUR per
share). The dividend proposal is subject to approval by Vossloh supervisory
board.

For the present fiscal year 2014 Vossloh is looking to an increase in group
sales of more than 10 % generated by the two business units of the
Transportation division. From today's vantage point, sales by the Rail
Infrastructure division will reach the level of 2013 (which was much
improved compared with 2012). The forecast is largely substantiated by the
year-end 2013 order backlog of more than EUR1.7 billion of which the
Transportation division accounts for some 70 percent. Because of the
absence of the exceptional burdens and propelled by rising sales this year,
the Group's EBIT for 2014 should also show a distinct recovery. Depending
on the progress made in the Transportation division in executing major
projects the EBIT-margin of Vossloh group will presumably come to 
5 % - 7 %.

The final figures for fiscal 2013 will be published by Vossloh AG on March
27, 2014.


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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, MÃ¼nchen, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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DGAP-Adhoc: Vossloh Aktiengesellschaft: Provisional figures for fiscal 2013
