5/3/2013 12:01:00 AM
NEWS BRIEF
Q1 group sales up year-on-year by 4.5%
EBIT inching down to €9.7 million
Order backlog again high at €1.53 billion
The Vossloh Group reported sales, including fasteners, rose 4.5% to €267.2 million in the opening quarter of 2013. EBIT slipped slightly from €10.2 million to €9.7 million.
At €1.53 billion, order backlog at the close of the quarter was again high.
At the end of Q1 Vossloh Group employed a global workforce of 5,156, up by 142. Altogether 1,745 of these were employed in Germany.
Rail Infrastructure
This division, which bundles all the rail infrastructure products and services, increased its Q1 sales by 21.6% to €176.6 million. EBIT jumped 71.7% to €13.6 million.
The Fastening Systems business unit nearly doubled its Q1 sales to €78.2 million, due both to the resumption of rail fastener shipments in China since mid-2012 and added sales in several other markets such as Kazakhstan, Russia, and Turkey.
Transportation
Sales by the Transportation division fell 18% to €90.6 million. EBIT slumped from €7.5 million to €1.0 million.
For the year, Vossloh reaffirmed its sales growth goal of 5% to 10% based on the strength of its order backlog at €1.53 billion.
“Depending on the future volume of rail fastener shipments in China and the scheduled execution of megaprojects by the Transportation division, the EBIT margin will range between 6% and 8%.” ©2013 GlobalFastenerNews.com
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