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Vossloh AG (VOSG.DE)

VOSG.DE on Xetra

36.10EUR
4:36pm BST
Change (% chg)

€-0.75 (-2.04%)
Prev Close
€36.85
Open
€37.00
Day's High
€37.10
Day's Low
€35.90
Volume
7,831
Avg. Vol
17,692
52-wk High
€49.85
52-wk Low
€31.00

Latest Key Developments (Source: Significant Developments)

Vossloh streamlines management, Oliver Schuster becomes CEO
Monday, 16 Sep 2019 

Sept 16 (Reuters) - Vossloh AG ::DGAP-ADHOC: VOSSLOH AKTIENGESELLSCHAFT: REPLACEMENT OF THE EXECUTIVE BOARD OF VOSSLOH GROUP - CURRENT CHIEF FINANCIAL OFFICER (CFO), MR. OLIVER SCHUSTER, BECOMES NEW CHAIRMAN OF THE EXECUTIVE BOARD (CEO).VOSSLOH AKTIENGESELLSCHAFT: REPLACEMENT OF EXECUTIVE BOARD OF VOSSLOH GROUP - CURRENT CHIEF FINANCIAL OFFICER (CFO), MR. OLIVER SCHUSTER, BECOMES NEW CHAIRMAN OF EXECUTIVE BOARD (CEO).REPLACEMENT OF EXECUTIVE BOARD OF VOSSLOH GROUP - CURRENT CHIEF FINANCIAL OFFICER (CFO), MR. OLIVER SCHUSTER, BECOMES NEW CHAIRMAN OF EXECUTIVE BOARD (CEO).AT ITS MEETING TODAY, SUPERVISORY BOARD OF VOSSLOH AG HAS APPOINTED CURRENT CHIEF FINANCIAL OFFICER (CFO), MR. OLIVER SCHUSTER, AS NEW CHAIRMAN OF EXECUTIVE BOARD (CEO) WITH EFFECT AS OF OCTOBER 1, 2019 AND AS MEMBER OF EXECUTIVE BOARD FOR FURTHER FIVE YEARS UNTIL FEBRUARY 28, 2025..MR. SCHUSTER'S RESPONSIBILITY FOR VOSSLOH'S FINANCE DEPARTMENT REMAINS UNAFFECTED..IN ADDITION, MR. DR. KARL MARTIN RUNGE HAS BEEN APPOINTED TO EXECUTIVE BOARD FOR A THREE-YEAR TERM EFFECTIVE OCTOBER 1, 2019..PREVIOUS PRECISE ALLOCATION OF RESPONSIBILITIES IN RELATION TO DIFFERENT DIVISIONS TO SPECIFIC MEMBERS OF EXECUTIVE BOARD HAS BEEN OMITTED..EXECUTIVE BOARD MEMBERS MANAGE OPERATING UNITS JOINTLY..  Full Article

Vossloh Signs Contract On Divestiture Of Its Locomotives Business
Monday, 26 Aug 2019 

Aug 26 (Reuters) - Vossloh AG ::DGAP-ADHOC: VOSSLOH AKTIENGESELLSCHAFT: VOSSLOH SIGNS CONTRACT ON THE DIVESTITURE OF ITS LOCOMOTIVES BUSINESS.SALE OF ITS LOCOMOTIVES BUSINESS UNIT, CURRENTLY REPORTED AS DISCONTINUED OPERATIONS, TO CRRC ZHUZHOU LOCOMOTIVE CO., LTD., ZHUZHOU, CHINA.PURCHASE PRICE IS STILL SUBJECT TO ADJUSTMENT AT CLOSING DATE, DEPENDING ON DEVELOPMENT OF VARIOUS BALANCE SHEET POSITIONS, AND IS PROJECTED TO AMOUNT TO A LOW SINGLE-DIGIT MILLION FIGURE.VOSSLOH EXPECTS AN ADDITIONAL NEGATIVE IMPACT ON RESULT FROM DISCONTINUED OPERATIONS IN AMOUNT OF APPROX. EUR30 TO 35 MILLION.COMPLETION IS EXPECTED IN NEXT FEW MONTHS.  Full Article

Vossloh H1 EBIT Down At EUR 20.5 Million
Thursday, 25 Jul 2019 

July 25 (Reuters) - Vossloh AG ::OUTLOOK 2019 FOR OPERATING BUSINESS CONFIRMED, ESTIMATION 2020 STILL GOOD.CONSOLIDATED SALES OF VOSSLOH AG ROSE IN THE FIRST SIX MONTHS OF 2019 FROM EUR 418.1 MILLION IN THE PREVIOUS YEAR TO EUR 437.1 MILLION..EBIT OF THE VOSSLOH GROUP AMOUNTED TO € 20.5 MILLION IN THE FIRST HALF OF THE CURRENT FINANCIAL YEAR (PREVIOUS YEAR: € 22.8 MILLION).ORDER INTAKE EXCEEDED SALES IN THE FIRST SIX MONTHS OF 2019, AMOUNTING TO EUR 568.9 MILLION (PREVIOUS YEAR: EUR 479.7 MILLION).  Full Article

Vossloh Launches Cash Capital Increase
Tuesday, 18 Jun 2019 

June 18 (Reuters) - VOSSLOH AG ::LAUNCHES CASH CAPITAL INCREASE AND PLACEMENT THROUGH ACCELERATED BOOKBUILDING.SHARE CAPITAL OF VOSSLOH WILL BE INCREASED BY 10 PERCENT BY ISSUING 1,596,743 NEW NO‐PAR VALUE ORDINARY BEARER SHARES.NOTIONAL VALUE OF APPROXIMATELY EUR 2.84 IN SHARE CAPITAL.SEES GROSS PROCEEDS OF AROUND EUR 49 MILLION.PRIVATE PLACEMENT BY WAY OF AN ACCELERATED BOOKBUILDING PROCESS.  Full Article

Vossloh Resolves On Performance Program Cornerstones And Posts Q1 Figures
Tuesday, 23 Apr 2019 

April 23 (Reuters) - VOSSLOH AG ::VOSSLOH RESOLVES CORNERSTONES FOR A PERFORMANCE PROGRAM AND PUBLISHES KEY FIGURES FOR THE FIRST QUARTER OF 2019 IN ADVANCE.Q1 SALES 190 MILLION EUR VERSUS 178.3 MILLION EUR YEAR AGO.VOSSLOH RESOLVES CORNERSTONES FOR A PERFORMANCE PROGRAM AND PUBLISHES KEY FIGURES FOR Q1 OF 2019 IN ADVANCE.CONFIRMS COMMUNICATED OUTLOOK FOR OPERATIONAL BUSINESS IN 2019 FISCAL YEAR.NECESSARY DECISIONS WILL BE TAKEN IN 2019.EFFECTS ON EARNINGS FROM PROGRAM OF MEASURES CANNOT YET BE SUFFICIENTLY QUANTIFIED FROM CURRENT PERSPECTIVE.PROGRAM INCLUDES, AMONG OTHER THINGS, A REDUCTION IN NUMBER OF EMPLOYEES FROM END OF 2018 AMOUNTING TO AROUND 5 PERCENT AS WELL AS A SYSTEMATIC REVIEW OF UNPROFITABLE ACTIVITIES.MANAGEMENT CONFIRMS COMMUNICATED OUTLOOK FOR OPERATIONAL BUSINESS IN 2019 FISCAL YEAR (GROUP SALES OF EUR900 MILLION TO EUR1 BILLION, EBIT BETWEEN EUR50 MILLION AND EUR60 MILLION).FOR 2020 FISCAL YEAR, MANAGEMENT PLANS ARE UNCHANGED FOR GROUP SALES BETWEEN EUR950 MILLION AND EUR1.05 BILLION AND EBIT BETWEEN EUR65 MILLION AND EUR80 MILLION.EFFECTS ON EARNINGS FROM PROGRAM OF MEASURES CANNOT YET BE SUFFICIENTLY QUANTIFIED FROM CURRENT PERSPECTIVE AND THEREFORE ARE STILL NOT INCORPORATED INTO 2019.FOR 2020 FISCAL YEAR, MANAGEMENT PLANS ARE UNCHANGED FOR GROUP SALES BETWEEN EUR950 MILLION AND EUR1.05 BILLION AND EBIT BETWEEN EUR65 MILLION AND EUR80 MILLION.Q1 EBIT OF EUR(0.6) MILLION WAS WITHIN EXPECTATIONS AND SLIGHTLY BELOW PREVIOUS YEAR'S LEVEL (EUR1.6 MILLION).  Full Article

Vossloh Signs Long-Term Framework Agreements For Switch Components In Sweden And Italy
Wednesday, 17 Apr 2019 

April 17 (Reuters) - Vossloh AG ::VOSSLOH SIGNS LONG-TERM FRAMEWORK AGREEMENTS FOR SWITCH COMPONENTS IN SWEDEN AND ITALY WITH A TOTAL SALES VOLUME OF UP TO €100 MILLION.SWEDISH FRAMEWORK AGREEMENTS HAVE A TERM OF UP TO EIGHT YEARS WITH A SALES VOLUME OF OVER €75 MILLION.FRAMEWORK AGREEMENT IN ITALY WITH A TERM OF TWO YEARS AND A SALES VOLUME OF €25 MILLION.WILL SUPPLY SWITCH COMPONENTS TO TRAFIKVERKET, THE SWEDISH TRANSPORT ADMINISTRATION.IN ITALY, SWITCH COMPONENTS AND SYSTEMS FOR HIGH-SPEED LINES WILL BE SUPPLIED TO THE STATE-OWNED RAIL COMPANY RETE FERROVIARIA ITALIANA (RFI).  Full Article

Vossloh Sees China Orders Boosting 2020 Sales, EBIT
Thursday, 28 Mar 2019 

March 28 (Reuters) - Vossloh AG ::PROPOSES DIVIDEND OF EUR 1.00 PER SHARE.GROUP SALES CAME TO €865.0 MILLION IN 2018, WHICH WAS 5.8 PERCENT DOWN ON THE PREVIOUS YEAR’S FIGURE OF €918.3 MILLION.2018 EBIT €54.2 MILLION.FOR THE 2019 FISCAL YEAR, MANAGEMENT ASSUMES A RANGE OF €900 MILLION TO €1 BILLION FOR GROUP SALES..FIRST QUARTER OF 2019 IS EXPECTED TO BE SEASONALLY WEAK.SEES SALES OF BETWEEN €950 MILLION AND €1.05 BILLION IN 2020 DRIVEN BY, AMONGST OTHERS, STRONG ORDERS FROM CHINA.ANTICIPATES EBIT IN 2019 TO BE BETWEEN €50 MILLION TO €60 MILLION, AND FORECAST AN INCREASE TO €65 TO €80 MILLION FOR 2020..  Full Article

Vossloh Chairman Resigns
Monday, 4 Mar 2019 

March 4 (Reuters) - Vossloh AG ::CHAIRMAN VOLKER KEFER RESIGNS FROM SUPERVSIORY BOARD.SAYS DEPUTY CHAIRMAN ULRICH M. HARNACKE WILL INITIALLY TAKE OVER TASKS OF CHAIRMAN OF SUPERVISORY BOARD.SAYS KEFER RESIGNED FOR PERSONAL REASONS TODAY, EFFECTIVE IMMEDIATELY..SAYS BOARD AIMS TO PROPOSE A NOMINATION FOR CHAIRMAN TO ANNUAL GENERAL MEETING OF VOSSLOH AG ON MAY 22, 2019..  Full Article

Vossloh: Additional Order From China For Rail Fastening Systems
Monday, 19 Nov 2018 

Nov 19 (Reuters) - VOSSLOH AG ::ADDITIONAL MAJOR ORDER FROM CHINA FOR RAIL FASTENING SYSTEMS.ORDER VOLUME OF €35 MILLION, WITH DELIVERIES STARTING IN 2020 ACCORDING TO CURRENT INFORMATION.SUBSTANTIAL INCREASE IN SALES IN CHINA COMPARED TO CURRENT FISCAL YEAR IS NOT EXPECTED BEFORE 2020.  Full Article

Vossloh Q3 EBIT At EUR 12.5 Mln
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - VOSSLOH AG ::Q3 GROUP SALES OF EUR 205.1 MILLION WERE 11.3 PERCENT BELOW THE CORRESPONDING FIGURE IN THE PREVIOUS YEAR.EBIT AMOUNTED TO EUR 12.5 MILLION IN THIRD QUARTER OF 2018 AFTER EUR 21.0 MILLION IN THE THIRD QUARTER OF 2017.EXPECTS GROUP SALES TO TREND TOWARD THE LOWER END OF THE GUIDANCE OF EUR 875 MILLION TO EUR 950 MILLION.SEES EBIT MARGIN FOR 2018 TO BE AT THE LOWER END OF THE ESTIMATED RANGE BETWEEN 6.0 PERCENT AND 7.0 PERCENT.FOR 2019, HIGHER SALES IN NORTH AMERICA ARE CONTINUED TO BE ASSUMED.  Full Article

German stocks - Factors to watch on September 17

BERLIN/FRANKFURT, Sept 17 The following are some of the factors that may move German stocks on Tuesday: