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VTG significantly expands its 2014 business
DGAP-News: VTG Aktiengesellschaft / Key word(s): Preliminary Results
VTG significantly expands its 2014 business
04.03.2015 / 07:30
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VTG significantly expands its 2014 business
- Revenue increases by 4.4 percent, EBITDA by 4.0 percent
- Railcar Division remains strong, logistics divisions paint a diverse
picture
- Foundations laid for full-service for rail transport
- 2015 focus: Integration of the AAE acquisition
- EUR 0.45 proposed dividend
Hamburg, March 4, 2015. VTG Aktiengesellschaft (WKN: VTG999), one of the
leading wagon hire and rail logistics companies in Europe, has built upon
the growth it experienced in 2014 and has, again, increased revenue and
results. The unaudited figures released today confirm turnover growth of
4.4 percent (EUR 818.3 million). Operating profit (EBITDA) rose by a total
of 4.0 percent, to EUR 191.0 million. The acquisition of Ahaus Alstätter
Eisenbahn Holding AG - AAE will clearly have an effect on VTG's revenue and
results in 2015.
"We have successfully built upon our business in 2014 and, in purchasing
AAE, we have taken a considerable strategic step", explains Dr. Heiko
Fischer, CEO of VTG AG. "In the coming months, we will set our focus on
integration, develop sector and customer-oriented service packages and
bundle our procurement and service activities with the intention of
generating significant increases in productivity."
Continued positive business developments in the Railcar Division
Even in 2014, the positive business developments in the Railcar Division
were founded in the distribution of numerous new wagons to various
customers and good cost management as well as a slight increase in fleet
utilization levels. Revenues increased by 3.7 percent, from EUR 332.9
million to EUR 345.4 million. The EBITDA rose by 7.3 percent, from EUR
181.1 million to EUR 194.4 million and the utilization levels increased to
91.0 percent (previous year: 89.8 percent).
Logistics divisions with differing developments
The European political situation in 2014 was particularly reflected in the
results of the Rail Logistics Division. In terms of turnover, in the
industrial goods segment, the Rail Logistics Division benefited from
consolidating the VTG and Kühne + Nagel rail logistic activities at the
VTG significantly expands its 2014 business
- Revenue increases by 4.4 percent, EBITDA by 4.0 percent
- Railcar Division remains strong, logistics divisions paint a diverse
picture
- Foundations laid for full-service for rail transport
- 2015 focus: Integration of the AAE acquisition
- EUR 0.45 proposed dividend
Hamburg, March 4, 2015. VTG Aktiengesellschaft (WKN: VTG999), one of the
leading wagon hire and rail logistics companies in Europe, has built upon
the growth it experienced in 2014 and has, again, increased revenue and
results. The unaudited figures released today confirm turnover growth of
4.4 percent (EUR 818.3 million). Operating profit (EBITDA) rose by a total
of 4.0 percent, to EUR 191.0 million. The acquisition of Ahaus Alstätter
Eisenbahn Holding AG - AAE will clearly have an effect on VTG's revenue and
results in 2015.
"We have successfully built upon our business in 2014 and, in purchasing
AAE, we have taken a considerable strategic step", explains Dr. Heiko
Fischer, CEO of VTG AG. "In the coming months, we will set our focus on
integration, develop sector and customer-oriented service packages and
bundle our procurement and service activities with the intention of
generating significant increases in productivity."
Continued positive business developments in the Railcar Division
Even in 2014, the positive business developments in the Railcar Division
were founded in the distribution of numerous new wagons to various
customers and good cost management as well as a slight increase in fleet
utilization levels. Revenues increased by 3.7 percent, from EUR 332.9
million to EUR 345.4 million. The EBITDA rose by 7.3 percent, from EUR
181.1 million to EUR 194.4 million and the utilization levels increased to
91.0 percent (previous year: 89.8 percent).
Logistics divisions with differing developments
The European political situation in 2014 was particularly reflected in the
results of the Rail Logistics Division. In terms of turnover, in the
industrial goods segment, the Rail Logistics Division benefited from
consolidating the VTG and Kühne + Nagel rail logistic activities at the
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