Vossloh delivering a commendable performance in a tough market
Despite the extremely strained rail market situation, especially in Europe, the Vossloh Group delivered a commendable performance in fiscal 2005. Like-for-like sales of €917.8 million in 2004 were boosted by 8.6 percent to €996.4 million. One-time factors affecting general administrative expenses and the other financial results, combined with a lower net of other operating income/expenses, depressed EBIT from €105.6 million to €90.8 million. Group earnings fell from €57.2 million in 2004 to €45.1 million.Vossloh AG’s Executive and Supervisory Boards will propose to the annual stockholders’ meeting the distribution of an unchanged cash dividend of €1.30 per share.
At the annual accounts press conference in Düsseldorf tomorrow, Friday, a detailed summary on fiscal 2005 will be presented by Vossloh AG’s Executive Board.
Werdohl, March 23, 2006