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Vossloh Aktiengesellschaft: Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed

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DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Change in Forecast
19.07.2021 / 16:19
The issuer is solely responsible for the content of this announcement.

Vossloh raises sales guidance for full-year 2021, EBIT margin guidance confirmed

Werdohl, July 19, 2021. For the current fiscal year, Vossloh expects higher sales than previously anticipated. From today's perspective, the Group estimates sales of between €900 million and €950 million. The previous outlook was in a corridor between €850 million and €925 million. Improvements are expected in particular at the Fastening Systems business unit and Customized Modules division. In terms of profitability, Vossloh continues to anticipate an EBITDA margin of 13 to 14 percent and an EBIT margin of 7 to 8 percent for fiscal year 2021. The profitability guidance is confirmed despite expected significant burdens due to strongly increased material prices, which will impact negatively Vossloh's earnings especially in the second half of 2021. Compared to the previous year, this means a significant overall increase in operating profitability.

The outlook is supported in part by the strong business performance in the first half of 2021. Based on preliminary figures, Vossloh generated sales of €462.6 million (previous year: €393.2 million) and EBIT of €42.4 million (previous year: €30.1 million) in the six-month period. Accordingly, the EBIT margin was 9.2% (previous year: 7.6%) and the EBITDA margin 14.8% (previous year: 14.0%). It should be noted that the previous year's figures included a significant one-time book effect that was recognized in profit and loss resulting from the transitional consolidation of a company. On an operating basis, the increase in earnings and profitability was therefore even stronger. In particular this strong performance was due to higher sales at the Fastening Systems business unit. At the same time, the Customized Modules division significantly improved its profitability year on year.

The full figures for the first half of 2021 will be published with the interim report on July 28, 2021.

Contact information for the media:
Andreas Friedemann (Kirchhoff Consult AG)
Phone: +49 (0) 2392 52-608
E-Mail: Presse@vossloh.com

Contact information for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
E-Mail: 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


19.07.2021 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:

1220000


 

End of News

DGAP News Service

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