VOSSLOH AG (FRA:VOS) Vossloh Aktiengesellschaft: Vossloh wins another major order for rail fastening systems in China

Directive transparence : information réglementée

28/03/2022 10:00

DGAP-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
Vossloh Aktiengesellschaft: Vossloh wins another major order for rail fastening systems in China

28.03.2022 / 10:00
The issuer is solely responsible for the content of this announcement.

Vossloh wins another major order for rail fastening systems in China

  • Order value amounts to the equivalent of approximately €50 million
  • Deliveries planned in 2023 and 2024
  • Third major order of this kind within a few months

Werdohl, March 28, 2022. Vossloh, a long-established and world-leading supplier of rail infrastructure products and services, has further strengthened its excellent positioning in the Chinese high-speed rail market. For the third time within the last four months, Vossloh has been awarded a contract to supply rail fastening systems for the construction of a new high-speed line. This is the link between the metropolises of Weifang and Yantai, in the eastern Chinese province of Shandong.

The order is worth the equivalent of around €50 million and will be handled by the subsidiary Vossloh Fastening Systems China Co Ltd, based in Kunshan, China. The delivery is scheduled for the years of 2023 and 2024.

"We are very pleased to have won another significant contract in quick succession in a strategically important and highly demanding market. This is further proof of the trust placed in our technological expertise and the outstanding quality of our products," says Oliver Schuster, CEO of Vossloh AG, adding: "The planned sales in the Fastenings Systems business unit in China for the current year are already covered by orders won. With the additional order now won, the sales expected for 2023 in the area of fastening systems for high-speed lines in China are also largely secured. These are excellent prerequisites for achieving our ambitious growth and profitability goals."

Contact details for the media:
Andreas Friedemann (Kirchhoff Consult AG)
Phone: +49 (0) 2392 52-608
E-mail: Presse@vossloh.com

Contact details for investors:
Dr Daniel Gavranovic
Phone: +49 (0) 2392 52-609
E-Mail: Investor.relations@vossloh.com

Vossloh is a global technology group that has stood for quality, safety, customer orientation, reliability and innovative strength for over 135 years. With its comprehensive range of rail-related products and services, Vossloh is one of the world market leaders in this sector. Vossloh offers a uniquely broad range of services under one roof: Rail fastening systems, concrete sleepers, switch systems and crossings as well as innovative and increasingly digital-based services for the entire life cycle of rails and switches. Vossloh uses its systemic understanding of the track to address the central customer need of "availability of the rail track".
Vossloh products are in use in more than 85 countries. With some 80 group companies in around 30 countries and over 35 production locations, Vossloh is active on the ground worldwide. Vossloh is committed to sustainable corporate governance and climate protection and with its products and services makes an important contribution to the sustainable mobility of people and goods.
The Group's activities are divided into three divisions: Core Components, Customized Modules and Lifecycle Solutions. In fiscal 2021, Vossloh generated sales of €942.8 million with around 3,600 employees.

Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * www.vossloh.com
Company headquarters: Werdohl, Germany * Commercial register: Local court of Iserlohn HRB 5292
Chairman of the Supervisory Board: Prof. Dr. Rüdiger Grube
Executive Board: Oliver Schuster (CEO) * Dr. Thomas Triska * Jan Furnivall

28.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Phone: +49 (0)2392 52 - 359
Fax: +49 (0)2392 52 - 219
E-mail: investor.relations@vossloh.com
Internet: www.vossloh.com
ISIN: DE0007667107
WKN: 766710
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1312707

End of News DGAP News Service

1312707  28.03.2022