Q1 EBIT below 2011 especially due to still ongoing project delays in China Locomotive and local transport train business accelerating appreciably Order backlog rising further to around €1.6 billion Forecast for 2012 reaffirmedFor Q1/2012, Vossloh AG reports a clear growth in locomotive, local transport train and traction system business. In contrast, especially still ongoing project delays in China meant receding revenue from rail fastening systems. Altogether, group sales at €255.7 million down from €259.5 million were virtually stable. Order backlog again showed strong growth and at March 31, 2012, the Vossloh Group’s orders on hand of €1.59 billion were a new all-time high.”We remain confident of achieving our budgeted figures for fiscal 2012. Our order backlog is a very clear endorsement of our growth prospects,” said Werner Andree, Vossloh AG’s CEO. “Particularly gratifying is that our Transportation division is making good progress.” For 2012, the Group is expecting sales to mount to €1.25 billion or €1.3 billion up from €1.2 billion. (…)
via Vossloh AG : Vossloh starting 2012 at a slow pace as expected | 4-Traders.