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4 months ago
BRIEF-Vossloh Q1 revenues up 18.2 pct at 224.3 million euros
April 27, 2017 / 5:43 AM / 4 months ago

BRIEF-Vossloh Q1 revenues up 18.2 pct at 224.3 million euros

April 27 (Reuters) - Vossloh AG:

* Q1 revenues grew 18.2 percent to 224.3 million euros ($244.58 million)

* Q1 consolidated EBIT significantly improved, reaching 7.1 million euros (previous year: 2.0 million euros)

* Vossloh's sales target for all of 2017 is still between 1.0 billion and 1.1 billion euros

* Q1 orders received in group decreased to 210.8 million euros(previous year: 249.3 million euros), while order backlog amounted to 750.9 million euros as of March 31 (previous year: 642.2 million euros)

* Sales growth will primarily be driven by inclusion of Vossloh tie technologies and increasing sales revenues in transportation division

* Board estimates that company will reach an EBIT margin between 5.5 percent and 6.0 percent for 2017 Source text for Eikon: Further company coverage: ($1 = 0.9171 euros) (Gdynia Newsroom)

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