Vossloh stepping up the pace
Accelerated earnings growth budgeted for 2007—ROCE and EBIT margin benchmarks to be achieved as early as 2007—sales and earnings to advance further in 2008The Vossloh Group will achieve its sales, group earnings and EBIT as forecasted for fiscal 2006.
As announced by CFO Werner Andree at today’s presentation to financial analysts in Frankfurt, EBIT for 2006 is presently projected to reach €82.5 million. The most recent forecast had been €75 million.
Since sales and group earnings match forecasts, the Executive Board expects for fiscal 2006 sales in the region of €1 billion and group earnings of a good €35 million.
As to 2007, sales are expected to rise 8 percent and EBIT to accelerate by 30 percent, with group earnings surging 74 percent. For 2008, planned sales and group earnings will again mount appreciably.
The 15-percent ROCE target submitted as part of last September’s strategic refocus is planned to be surpassed for the first time to reach 15.6 percent in fiscal 2007. For 2008, an ROCE of 17.3 percent is expected. The EBIT margin is predicted to attain the 10.0-percent benchmark in fiscal 2007 and for the following year, the Executive Board is forecasting 10.6 percent.
“In our Vossloh refocusing efforts we are moving ahead, step by step. As early as next year we will probably arrive at the set profitability targets,” states Dr. Gerhard Eschenröder, Vossloh CEO. “For the years ahead, stockholders may expect a sustained rise in EpS and a higher dividend.”
Werdohl, December 7, 2006
Media contact:
Tasso Enzweiler
Hering Schuppener Consulting
Tel.: (+49 -211) 430 79 27
Mobil: (+49 -172) 92 24 998
Email: tenzweiler@heringschuppener.com
Contact for investors und analysts:
Werner Andree
Vossloh AG
Phone: (+49-2392) 52 407
Email: werner.andree@ag.vossloh.com