Vossloh announced that the sale of Spanish locomotives business will take place within the next months. According to Vossloh, the business unit Rail Vehicles is “discontinued operations” because, in light of the ultimately accelerated course of talks with interested parties, the sale of locomotive unit is ”tangible.”
The Transportation division, excluding the operations of Vossloh Rail Vehicles, generated revenues of EUR 242.3 million in the first nine months of 2015 (previous year: EUR 179.0 million). Sales thus increased by 35.4 %. Thereby, operating development of Vossloh Locomotives improved considerably. It has to be assumed that this positive trend will continue, not least due to the firmly planned move into the new and modern production site in Kiel-Suchsdorf in summer 2016. Sales of the business unit remained hardly unchanged after nine months in 2015 at EUR 68.6 million as compared to EUR 70.7 million previous year.
Sales of the continuing operations of the Vossloh Group – not including the business unit Rail Vehicles – were EUR 867.9 million in the first nine months of 2015 up by 6.0 percent compared to the previous year (EUR 819.0 million). The business thus developed within the scope of planning also in the third quarter of 2015. While revenues at Core Components decreased as expected, sales of switches and switch systems rose significantly in the first nine months as compared to the previous year. The Transportation division also reported a significant increase in sales.
“We are satis-fied with the course of the third quarter 2015. Vossloh’s recovery is becoming clearly visible. We have also taken a significant step toward achieving our goal of selling the Transportation division. Further, the stable development of sales and earnings, which is in line with planning over the course of the year, gives us the confidence that we will achieve our operational planning for 2015,” Hans M. Schabert, Chairman of the Executive Board at Vossloh AG said.
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