Vossloh Aktiengesellschaft
Vossloh Aktiengesellschaft: Capital Markets Day: Vossloh presents corporate strategy and considers itself ideally positioned for the future
DGAP-News: Vossloh Aktiengesellschaft
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Capital Markets Day: Vossloh presents corporate strategy and considers itself ideally positioned for the future
At the same time, in the future Vossloh will increasingly target its customers’ steadily growing need for more track availability in light of the anticipated growth in traffic. The collection of condition data, both directly on the track and through Vossloh’s own fleet of track maintenance machines, and the derivation of condition-based, predictive maintenance programs through artificial intelligence, provide customers with great efficiency potential. Among other things, the new strategy focuses on accelerating the development of digital expertise, including through relevant partnerships, and emphasizes the importance of sustainable management more strongly than before. At the same time, a Group-wide system for continuously increasing efficiency in all areas of the company has been designed and implemented.
“Realistically, climate protection targets cannot be achieved without shifting greater levels of traffic from roads onto rail networks. Therefore, in light of the diverse and obvious limitations on the expansion of rail networks, the focus should be on significantly increasing the availability of existing networks,” explains Oliver Schuster, CEO of Vossloh AG. “Vossloh has more than 130 years of experience in the development and production of track components. By combining cutting-edge measurement and analysis technology, a purpose-built data platform and a comprehensive range of services, we are able to offer our customers unique comprehensive solutions with regard to availability. Switches are the most complex and maintenance-intensive element and are particularly important in this context. With the order we recently won for the data-based condition monitoring of switches in Sweden, we and our strategic partner Deutsche Bahn Systemtechnik booked a major success.” Vossloh’s existing business with products and conventional services forms the basis for the development and expansion of the digital-based service business. The conventional hardware business and the constantly growing service business form an inseparable unit. The new possibilities afforded by digitalization and, most importantly, the efficient processing and analysis of large amounts of data serve as the link that joins the business models.
Against the backdrop of the successful implementation of the strategy presented and based on the information currently available, the Executive Board expects Vossloh AG to achieve average annual sales growth of 4 to 5 percent in the medium term. This is significantly higher than the average market growth anticipated by relevant market studies. With regard to the operating result, EBIT (earnings before interest and taxes), the Executive Board is aiming for double-digit margins in all divisions of the Company in the medium term. This is an intermediate step toward the long-term goal of a double-digit EBIT margin for the Group, corresponding to an EBITDA margin of roughly 16 percent.
Contact information for the media: Vossloh is active in rail technology markets worldwide. The Company’s core business is rail infrastructure. The Group’s activities are organized into the three divisions of Core Components, Customized Modules and Lifecycle Solutions. In the 2019 fiscal year, Vossloh achieved sales of €916.4 million with an average of 3,786 employees. Vossloh AG * Vosslohstrasse 4 * 58791 Werdohl, Germany * Telephone +49 (0) 239 252-0 * Fax +49 (0) 239 252-538 * www.vossloh.com
15.12.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | 1155303 |
End of News | DGAP News Service |