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ots Ad hoc-Service: Vossloh AG <DE0007667107> Vossloh Group: Sales and profit also after nine month above budget

Werdohl (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Group net income for 2000 still expected to climb a good 30
percent over the prior year
During the first nine months of 2000, the Vossloh Group achieved
sales of EUR 599.5 million, thus exceeding the year earlier EUR 579.0
million and the budgeted EUR 591.4 million. Group earnings of before
interest and taxes (EBIT) EUR 43.3 million fell short by EUR 3.1
million of the year-earlier but yet exceeded the budget by EUR 1.3
million. Group net income per share in the first nine months of 2000
amounted to EUR 1.0. As expected the year-earlier EUR 1.32 per share
could not yet been reached.
Further improving performance is expected for the fiscal year as a
whole, with Group sales set to reach EUR 820 million, thus exceeding
the budgeted EUR 790.1 million by 4%. EBIT should reach EUR 64.6
millions, thus exceeding the preceding year's EUR 48.4 million by
33%. Group net income is set to improve to EUR 23.6 million, meaning
7 percent above the budgeted EUR 22 million and 33 percent above the
year-earlier EUR 17.7 million. Group net income per share is thus
likely to surge to EUR 1.64 for the year 2000 (up from EUR 1.23 for
1999).
End
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