DGAP-News: VTG Aktiengesellschaft: VTG breaks the billion Euro barrier for the first time
DGAP-News: VTG Aktiengesellschaft / Key word(s): Final Results
VTG breaks the billion Euro barrier for the first time
- Company revenue rises to EUR 1.03 billion
- EBITDA improves by 76.2 percent to EUR 336.5 million
- Railcar Division finds new strength in the market after the integration of AAE
- Logistics entities demonstrate an upward trend
- Dividend increase of 11 percent proposed
- Milestones for the future set
Hamburg, 5 April 2016. VTG Aktiengesellschaft (WKN: VTG999), one of Europe's leading wagon hire and rail logistics companies, ended the 2015 business year with very successful developments in terms of revenue and EBITDA. Furthermore, the company was also able to lay important foundations for future successes. Today, the Hamburg concern presented its audited figures for 2015, according to which Group revenue increased by 25.6 percent to EUR 1,027.5 million. Operating profit (EBITDA) rose by a total of 76.2 percent, to EUR 336.5 million.
"We have achieved all our expectations regarding business development for the year 2015. Today, we have a clearly strengthened business model and very good conditions for our future development," said Dr. Heiko Fischer, CEO of VTG Aktiengesellschaft. "Alongside the acquisition of AAE, many other factors have contributed to this success, such as refinancing, the strengthening of the logistics departments and the definition of our medium-term objectives up to 2018. We embrace the challenges the markets and our clients present us with and feel well prepared for the future."
Company result increases over-proportionately
The Railcar Division in Europe positions itself as VTG Rail Europe GmbH
The division's positive results are a particular consequence of the AAE acquisition, however good business development and further investments in the expansion of the fleet were also contributing factors. For the most part, the integration of the about 30,000-wagon AAE fleet is complete. In the future, the division will package its hiring activities in continental Europe under the name VTG Rail Europe GmbH. Additionally, at the end of the year, VTG purchased the remaining parts from the Russian joint venture Vagonpark, which was undertaken as part of the AAE acquisition at the start of 2015. The aim is to integrate the former AAE subsidiary into the existing business in Russia and, with it, realize synergies.
Rail Logistics and Tank Container Logistics show a positive trend
The Tank Container Logistics Division was also able to improve its business development in 2015. European transports increased, improved processes enabled increased transport volumes, one-off earnings and a stronger American dollar supported this upward trend. This led to a 10.2 percent increase in revenue for Tank Container Logistics, to EUR 166.3 million (previous year: EUR 150.9 million). At EUR 13.6 million, EBITDA was 6.5 percent higher than in the previous year (2014: EUR 12.8 million). Remaining at 47.4 percent, the EBITDA margin related to gross profits was slightly below that of the previous year (2014 adj.: 49.3 percent).
Dividends increase by 11 percent, VTG 4.0 emerges
The focus of company development in 2016 and beyond is on the topics of innovation, digitalization and the simplification of structures and processes under the key heading VTG 4.0. An example of innovation is the wagon, presented in 2015, for the transportation of liquefied natural gas - LNG. Where digitalization is concerned, VTG is developing new concepts for optimizing maintenance on the basis of wagon tracing. Regarding the simplification of structures and processes, there is currently a European uniform system for service provision and services in the Railcar Division.
Key figures for the VTG Group
*Including non-current assets held for sale
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 million 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, North America, Russia and Asia. 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.com
|Phone:||040 2354 1351|
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|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart|
|End of News||DGAP News Service|