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VOSSLOH AG (FRA:VOS) Vossloh Aktiengesellschaft: Vossloh adjusts sales revenues and earnings guidance for 2022

Directive transparence : information réglementée

12/05/2022 11:16

DGAP-Ad-hoc: Vossloh Aktiengesellschaft / Key word(s): Change in Forecast
Vossloh Aktiengesellschaft: Vossloh adjusts sales revenues and earnings guidance for 2022

12-May-2022 / 11:16 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Based on the latest information on business developments, the Executive Board of Vossloh AG adjusted today the guidance for the 2022 fiscal year. Vossloh expects higher sales for the current fiscal year than previously assumed. The company now anticipates sales to be between €0.95 billion and €1.05 billion, while the previous expectation ranged between €0.925 billion and €1.0 billion. Higher sales contributions compared to the original forecast are expected in the Core Components division in particular. In addition to the good order situation and positive exchange rate effects, a key driver of this development is the passing on of higher procurement prices for materials and energy to customers. The portion of price increases that cannot be passed on or can only be passed on with a delay will weigh on the Vossloh Group’s EBIT in the 2022 fiscal year and, together with increased sales, will result in lower profitability. On this basis, the Executive Board now expects an EBITDA margin of between 11.5 percent and 13.5 percent and an EBIT margin of 6 percent to 8 percent for the current fiscal year. In order to take into consideration the current high level of uncertainty surrounding the COVID-19 pandemic and the war in Ukraine, the Executive Board has widened the forecast range to two percentage points. Previously, the guidance indicated an EBITDA margin of between 13 percent and 14 percent and an EBIT margin of between 7.5 percent and 8.5 percent, following an EBITDA margin of 13.2 percent and an EBIT margin of 7.7 percent in the 2021 fiscal year.

For the second quarter of 2022 Vossloh expects profitability to be noticeably lower than in the corresponding quarter of the previous year. However, based on the current outlook, profitability in the second half of 2022 is expected to be significantly higher than in the same period of the previous year.

The terms "EBITDA margin" and "EBIT margin" correspond to the definitions in the Annual Report 2021 (page 191), which is available at www.vossloh.com.




Contact:
Vossloh Aktiengesellschaft
Investor Relations
Dr. Daniel Gavranovic
Phone: +49-2392-52-609
Mail: Investor.relations@vossloh.com

12-May-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Vossloh Aktiengesellschaft
Vosslohstr. 4
58791 Werdohl
Germany
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: 1351001

 
End of Announcement DGAP News Service

1351001  12-May-2022 CET/CEST

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