Brief: Vossloh Raises 2021 Sales Guidance

Vossloh AG

19/07/2021 15:18

July 19 (Reuters) - VOSSLOH AG  VOSG.DE :
    * RAISES SALES GUIDANCE FOR FULL-YEAR 2021, EBIT MARGIN
GUIDANCE
CONFIRMED
    * OUTLOOK 2021: ESTIMATES SALES OF BETWEEN EUR 900 MILLION
AND EUR
950 MILLION
    * CONTINUES TO ANTICIPATE AN EBITDA MARGIN OF 13 TO 14
PERCENT AND
AN EBIT MARGIN OF 7 TO 8 PERCENT FOR FISCAL YEAR 2021
    * H1 SALES OF EUR 462.6 MILLION (PREVIOUS YEAR: EUR 393.2
MILLION)
AND EBIT OF EUR 42.4 MILLION (PREVIOUS YEAR: EUR 30.1 MILLION)
    * STRONG PERFORMANCE WAS DUE TO HIGHER SALES AT FASTENING
SYSTEMS
BUSINESS UNIT
    * CUSTOMIZED MODULES DIVISION SIGNIFICANTLY IMPROVED ITS
PROFITABILITY YEAR ON YEAR

Source text for Eikon:  ID:nEQ2WZs15a 
Further company coverage:  VOSG.DE 

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