Vossloh AG Announces Earnings Results for the First Quarter of 2016; Provides Sales guidance for the Fiscal 2016
Vossloh AG announced earnings results for the first quarter of 2016. For the period the company announced sales of EUR 240.1 million compared to EUR 259.8 million a year ago. EBIT was EUR 2.3 million compared to LBIT of EUR 2.2 million a year ago. ROCE was 1.2% compared to negative ROCE of 1.1% a year ago. Net income was EUR 3.8 million compared to net loss of EUR 1 million a year ago. Earnings per share was EUR 0.21 compared to loss per share of EUR 0.19 a year ago.
For the fiscal 2016 the company expects, sales to be between EUR 1.2 billion and EUR 1.3 billion and a further continuous improvement in operational profitability.