DGAP-News: VTG Aktiengesellschaft: VTG share to be listed on SDAX
VTG Aktiengesellschaft / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
VTG share to be listed on SDAX
Hamburg, 4 September 2008. After just over one year as stock listed company, Hamburg based VTG Aktiengesellschaft (SCN: VTG999), one of Europe’s leading rail logistics and wagon hire companies, will be listed on the SDAX index as of 22 September 2008. This was announced by Deutsche Börse AG yesterday evening. Based on share trading volume and freefloat market capitalization as well as excluding the companies listed in the German blue chip index DAX, VTG belongs with this to the 110 largest stock listed companies in Germany.
'We are very happy about our rise to the SDAX index and the increased attention for our share that goes along with this', says Dr. Heiko Fischer, CEO of VTG AG. The listing on the SDAX is a confirmation for the clear growth strategy of VTG. As the so far first stock listed rail logistics company in Europe, VTG is excellently positioned in the growing rail logistics market and thus makes an attractive investment. With the planed IPO of Deutsche Bahn Mobility Logistics VTG expects even more interest from the capital markets in the rail sector.
VTG profits from the increasing importance of the railway as an environmentally friendly and secure mode of transport. Together with the currently high demand for transport capacities and logistics services, the significantly lower energy consumption of rail in comparison to road transportation provides additional growth impulses. The business model of VTG is characterized by stable cash flows, generated by long-ranging predictable income from wagon hire. At the same time VTG follows a consistent growth path, constantly enlarges its service portfolio and also expands into new markets.
VTG Aktiengesellschaft is one of Europe’s leading rail logistics and wagon hire companies. The company has the largest private wagon fleet in Europe. Globally the fleet consists of about 49,300 rail freight cars with a focus on tank cars and state of the art high capacity freight cars and flat cars. In addition to the hiring of rail freight cars, the Group offers global tank container transport and comprehensive multi-modal logistics services mainly around rail transport.
With the combination of its three interrelated divisions Wagon Hire, Rail Logistics and Tank Container Logistics VTG offers its clients a high-performance platform for international transport of their freight. The Group has many years of experience and specific know-how in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost all industrial sectors such as, for example, chemicals, mineral oil, the automobile or paper industries.
In the financial year 2007 VTG generated operating revenues of EUR 541.4 million and an operating result (EBITDA) of EUR 137.0 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As at 30 June 2008 VTG employed 833 employees worldwide in consolidated companies. Since June 2007 VTG AG has been listed on the official Prime Standard market of the Frankfurt Stock Exchange (SCN: VTG999).
Telephone: +49 (0) 211 430 79-70
Fax: +49 (0) 211 430 79-79
Telephone: +49 (0) 40 23 54-1351
Fax: +49 (0) 40 23 54-1350
Information also available at www.vtg.com
04.09.2008 Financial News transmitted by DGAP
Issuer: VTG Aktiengesellschaft
Phone: 040 2354 0
Fax: 040 2354 1199
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service