DGAP-News: VTG Aktiengesellschaft: VTG sets a milestone with its result and strategy
DGAP-News: VTG Aktiengesellschaft / Key word(s): Preliminary Results
VTG sets a milestone with its result and strategy
- Revenue increases by 25.6 percent, EBITDA by 76.2 percent
- Railcar Division on course for success
- Logistics divisions significantly strengthened
- Refinancing successfully completed
- Dividend increase to EUR 0.50 proposed
- Growth and profitability objectives specified
Hamburg, February 23, 2016. VTG Aktiengesellschaft (WKN: VTG999), one of Europe's leading wagon hire and rail logistics companies, considerably increased its result in 2015. Based on preliminary, unaudited figures released today, revenue rose by 25.6 percent to EUR 1,027.5 billion and operating profit (EBITDA) rose by 76.2 percent to EUR 336.5 million. In addition to the successful development of all divisions, the acquisition of Ahaus Alstätter Eisenbahn Holding AG - AAE in 2015 has clearly had a positive impact on VTG revenue and earnings.
"VTG opened a completely new chapter in 2015", affirmed Dr. Heiko Fischer, CEO of VTG AG, and added, "We expanded our wagon fleet, successfully developed our business in all divisions and realized the first synergies by way of simplified processes and structures. The substantial headway made in integrating AAE played a considerable role in this progress. Furthermore, the effective, comprehensive refinancing measures we have undertaken represent an important component in achieving our profitability objectives. In this way, we can continue to offer both our shareholders and customers a very attractive overall package".
Railcar Division repositions itself
Logistics divisions continue to develop positively
The Tank Container Logistics Division recorded a considerable upward trend over the last year. This was primarily attributable to the rise in the US dollar exchange rate and growth in overseas transport volumes, in addition to one-time earnings. Revenue consequently rose by 10.2 percent to EUR 166.3 million (previous year: EUR 150.9 million). EBITDA improved by 6.5 percent to EUR 13.6 million (previous year: EUR 12.8 million).
VTG 4.0 is at the heart of development until 2018
The growth and profitability objectives specified in 2015 demonstrate VTG's intention to strengthen its market position in the years ahead. Under the heading VTG 4.0, the company has been actively involved with the topics innovation, digitalization, the simplification of processes and structures and additional selective growth. Due to the current low level of interest rates and improved creditworthiness, significantly better conditions could be concluded as part of the refinancing measures in 2015. The Group's average interest rate has fallen significantly which will consequently lead to noticeable relief in the financial result and increased profitability for the years ahead. By 2018, the Board is striving to generate an overall increase in earnings per share (EPS) to EUR 2.50.
With the combination of its three interlinked divisions Railcar, Rail Logistics and Tank Container Logistics, VTG offers its customers a high-performance platform for international transport of their freight. The Group has many years of experience and specific expertise, in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost every industrial sector, for example the chemical, petroleum, automotive, paper and agricultural industries.
In the financial year 2015, VTG generated revenue of EUR 1,027.5 billion and operating profit (EBITDA) of EUR 336.5 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia, Russia and North America. As at 31 December 2015, VTG had 1,445 employees worldwide in consolidated companies. VTG AG is listed on the official Prime Standard market of the Frankfurt Stock Exchange and also on the SDAX (WKN: VTG999).
Investor relations contact:
More information at www.vtg.de
|Phone:||040 2354 1351|
|Fax:||040 2354 1350|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart|
|End of News||DGAP News Service|