•     Last Update 24.9.2008
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Vossloh division indicators

The Vossloh Group´s operations break down into two divisions, i.e., Rail Infrastructure as well as Motive Power&Components. The accounting methods of all segments are identical. Control of groupwide operations and assessment of segment performance are based on EBIT (earnings before interest and taxes), EBIT margin (EBIT as a percentage of net sales), and ROCE (return on capital employed, viz. the EBIT-to-CE ratio in %). This financial information discloses the strong and weak points of each segment/division.

Vossloh division indicators 2007*
€ million   Rail Infrastructure Motive Power&
Components
Discontinued Information
Technologies operations3
Intermediate
holding company/
consolidation
Rail Technology
(RT)
H.O./
consolidation
Group
Net external sales 2007 757.6 468.2 0.0 1,225.8 0.3 1,226.1
  2006 611.2 400.2 0.3 1,011.7 0.3 1,012.0
Intersegment transfers 2007 5.5 0.7 (0.2) 6.0 0.0 6.0
  2006 2.7 1.0 (1.1) 2.6 0.6 3.2
Amortization/
depreciation
2007 18.5 9.5 0.0 28.0 0.9 28.9
  2006 14.0 8.2 0.0 22.2 0.9 23.1
Write-down (impairment losses)1,4 2007 0.0 0.0 0.0 0.0 0.3 0.3
  2006 0.0 0.0 0.0 0.0 2.8 2.8
EBIT 2007 110.1 30.6 0.0 140.7 (19.2) 121.5
  2006 81.2 23.6 (3.1) 101.7 (19.0) 82.7
Net interest result 2007 (10.6) (1.7) 0.0 (12.3) 0.0 (12.3)
  2006 (7.7) (3.6) (11.4) (22.7) 8.6 (14.1)
EBT 2007 99.5 28.9 0.0 128.4 (19.2) 109.2
  2006 73.4 20.0 (14.4) 79.0 (10.4) 68.6
Net income from continuing operations 2007 65.4 24.5 0.0 89.9 (17.8) 72.1
  2006 48.1 16.4 (9.0) 55.5 (9.3) 46.2
Net result of discontinued operations 2007 (4.8) 0.0 (4.8) 6.8 2.0
  2006 1.9 0.0 1.9 (25.5) (23.6)
Net earnings (EAT)2 2007 62.6 24.6 (4.8) 0.0 82.4 (11.0) 71.4
  2006 (46.7) 16.4 1.0 (9.1) 55.0 (34.7) 20.3
Net profit from associated affiliates 2007 0.5 0.0 0.0 0.0 0.5 0.0 0.5
  2006 0.7 0.7 0.7
Other major noncash segment expenses 2007 45.2 60.8 0.0 0.0 106.0 7.4 113.4
  2006 27.9 51.6 2.0 0.9 82.4 15.7 98.1
Capital expenditures for tangible assets 2007 39.0 13.3 0.0 (1.2) 51.1 1.5 52.6
  2006 9.7 12.9 1.1 0.0 23.7 0.2 23.9
Total operating assets 2007 768.7 370.9 0.0 0.0 1,139.6 12.0 1,151.6
  2006 565.0 352.3 2.1 919.4 9.1 928.5
Total operating liabilities 2007 252.2 280.2 0.0 0.0 532.4 55.9 588.3
  2006 220.7 276.3 (39.4) 457.6 39.0 496.6
Shares in associated affiliates 2007 0.8 0.0 0.0 0.0 0.8 0.0 0.8
  2006 1.0 0.0 0.0 0.0 1.0 0.0 1.0
Capital employed 2007 606.4 198.7 0.0 0.0 805.1 11.1 816.2
  2006 412.4 216.6 246.7 875.7 (235.6) 640.1
Total assets 2007 830.8 465.3 0.0 (0.3) 1,295.8 31.0 1,326.8
  2006 627.8 411.9 33.9 241.8 1,315.4 (116.9) 1,198.5
1Excluding financial assets
2Before profit/loss transfer
3Since the Information Technologies division is shown as discontinued operation, the disclosure of certain data is omitted here. The noncash segment expenses (mainly derived from annual provisions), as well as the capital expenditures for tangibles (according to the fixed-asset analyses) are stated at the amounts reported as of September 30, 2006, as additions to this division’s accruals/fixed-asset analyses.
4 Write-down does not include the discontinued Information Technologies operation’s goodwill write-down, which is shown within the Net result of discontinued operations.
* All data as published upon annual accounts presentation