VOSSLOH AG
DGAP-Ad-hoc: Vossloh Aktiengesellschaft / Key word(s): Preliminary Results Vossloh achieved sales despite initial effects from the COVID-19 pandemic of ?182.9 million in the first quarter of 2020, slightly above the portfolio-adjusted figure of ?177.5 million in the previous year (reported previous year's figure: ?190.0 million). Earnings before interest and taxes (EBIT) improved significantly to ?16.5 million after the previous year's quarter still showed negative EBIT of ?0.6 million. This unusually high EBIT is due not only to operating improvements but largely also to a ?15.6 million adjustment to the carrying amount recognized in profit and loss from obtaining control of a joint venture previously accounted for at equity. Accordingly, the EBIT margin increased to 9.0 percent (previous year: (0.3) percent). Taking into account the described effect from the business combination achieved in stages and based on current knowledge and a careful risk assessment, and with reference to uncertainties regarding the further impact of the COVID-19 pandemic, Vossloh continues to anticipate sales between ?900 million and ?1 billion as well as an EBIT margin between 7 and 8 percent. The complete figures for the first quarter of 2020 will be published with the interim statement on April 30, 2020. Contact: Vossloh Aktiengesellschaft Investor Relations Dr. Daniel Gavranovic Phone: +49-2392-52-609 Mail: Investor.relations@vossloh.com
27-Apr-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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@vossloh.com |
| Internet: | www.vossloh.com |
| ISIN: | DE0007667107 |
| WKN: | 766710 |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1030293 |
| End of Announcement | DGAP News Service |
1030293 27-Apr-2020 CET/CEST
