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    VOS   DE0007667107

VOSSLOH AG

(VOS)
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Vossloh Aktiengesellschaft: Vossloh wins long-term framework contract for the supply of tram turnouts

05/10/2021 | 04:32am EDT

DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
Vossloh Aktiengesellschaft: Vossloh wins long-term framework contract for the supply of tram turnouts

10.05.2021 / 10:30
The issuer is solely responsible for the content of this announcement.


Vossloh wins long-term framework contract for the supply of tram turnouts

  • Vossloh to equip Brussels' tram network with turnouts and spare parts
  • Framework contract running until 2031
  • Total contract volume of nearly ?40 million

Werdohl, May 10, 2021. Vossloh, a world market leader in turnouts and crossings, has been awarded an important framework contract to supply tram turnouts. The subsidiary Vossloh Cogifer KIHN SA will cover all the needs for turnout and spares of the Brussels intercommunal transport company STIB (Société des Transports Intercommunaux de Bruxelles) over the next ten years. Deliveries are scheduled to start in the first half of 2021. The value of the contract amounts to nearly ?40 million.

"By winning the framework contract, we successfully continue our long-standing business relationship with STIB. We have been equipping the Brussels public transport network with tram turnouts for over 35 years and are honored by the renewed trust of our customer for the next decade," explains Jan Furnivall, member of the Executive Board of Vossloh AG. "The satisfaction of our customers is always our top priority. With our technologically leading products and solutions, we reliably support available and, above all, sustainable mobility."

Vossloh Cogifer Kihn is part of the Customized Modules division within the Vossloh Group. The company, based in Rumelange, Luxembourg, employs around 160 people locally and specialises in the development and manufacturing of turnout systems.

Contact information for the media:
Gundolf Moritz (Mirnock Consulting)
Phone: +49 (0) 2392 52-608
Email: presse@vossloh.com

Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
Email: investor.relations@vossloh.com

Vossloh is a globally active technology group dedicated for over 135 years to quality, safety, reliability, innovation and customer orientation. Vossloh's comprehensive range of rail track-related products and services make the company a leader in the global market in this area. Vossloh provides a uniquely wide range of products and services: rail fastening systems, concrete ties, switch systems and crossings as well as innovative and increasingly digital-based services for the entire lifecycle of rails and turnouts. Vossloh uses its extensive understanding of rail infrastructure to meet the key customer need of track availability.
Vossloh products are in use in more than 85 countries. With roughly 80 Group companies in around 30 countries and over 35 production sites, Vossloh is a global company with a local presence. Vossloh is committed to sustainable corporate management and climate protection and makes an important contribution to sustainable mobility of passengers and goods with its products and services.
The Group activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2020 fiscal year, Vossloh achieved sales of about ?870 million with approximately 3,500 employees.

Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * www.vossloh.com
Company headquarters: Werdohl, Germany * Commercial register: Local court of Iserlohn HRB 5292
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube
Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall



10.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1193733

 
End of News DGAP News Service

1193733  10.05.2021 

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© EQS 2021
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Sales 2021 898 M 1 077 M 1 077 M
Net income 2021 34,3 M 41,1 M 41,1 M
Net Debt 2021 266 M 319 M 319 M
P/E ratio 2021 22,6x
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NameTitle
Oliver Schuster Chief Executive Officer
Thomas Triska Chief Financial Officer
Rüdiger Grube Chairman-Supervisory Board
Jan Furnivall Chief Operating Officer
Ulrich M. Harnacke Deputy Chairman-Supervisory Board
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