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VOSSLOH AG (FRA:VOS) EQS-News: Vossloh Aktiengesellschaft: Vossloh strengthens position in Danish market through long-term framework agreement with Banedanmark

Directive transparence : information réglementée

02/10/2023 09:30

EQS-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
Vossloh Aktiengesellschaft: Vossloh strengthens position in Danish market through long-term framework agreement with Banedanmark

02.10.2023 / 09:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


 Vossloh strengthens position in Danish market through long-term framework agreement with Banedanmark

  • Significant expansion of market share in switch business in Denmark
  • Framework agreement with a four-year term and sales volume of around €40 million
  • Customer proximity as a key success factor

Werdohl, October 2, 2023. Vossloh, a global leader in rail infrastructure, is continuing its growth course and significantly expanding its market share in the attractive rail infrastructure market of Denmark. Recently, two framework agreements were concluded with the state rail network operator ‘Banedanmark’ for the supply of switch systems and corresponding spare parts with a term of four years and a total volume of around €40 million. Both agreements are equipped with options and can be extended by Banedanmark twice for a further two years.

To be able to supply Banedanmark with the preassembled switch systems in the best possible way, Vossloh will establish a local production facility of around 3,000 square meters next to Banedanmark's concrete sleeper production location in Fredericia, Denmark. The local production facility will allow Vossloh to supply Banedanmark with rail infrastructure components very cost-efficient, with short lead-times and in an ecologically sustainable manner.

"Northern Europe has been an important market for us in the turnout systems business for years. In 2022 alone, we generated sales revenues of around €130 million in the Northern European market. The order from Banedanmark significantly strengthens our market position in the important Danish market. We are looking forward to a trusting, long-term and - not only from a geographical point of view - close cooperation. Our strict customer-orientation has again proved to be right and played a decisive role in winning this contract," says Jan Furnivall, COO of Vossloh AG.

 

Contact details for the media:
Andreas Friedemann
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 which for some 140 years has stood for quality, safety, customer focus, reliability and innovative strength. With its comprehensive range of rail-related products and services, Vossloh ranks among the world market leaders in this sector. Vossloh offers a uniquely broad range of products and services under one roof: Rail fastening systems, concrete ties, 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 and services are in use in more than 100 countries. With some 75 Group companies in almost 30 countries and over 40 production locations, Vossloh is active locally 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 organized into the three divisions Core Components, Customized Modules, and Lifecycle Solutions. In financial year 2022, Vossloh generated sales revenues of €1,046.1 million with around 3,800 employees.



02.10.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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
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
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1738669

 
End of News EQS News Service

1738669  02.10.2023 CET/CEST

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