DGAP-Ad-hoc: VTG Aktiengesellschaft: VTG AG specifies fiscal-2007 guidance for the first time
VTG Aktiengesellschaft / Half Year Results/Forecast
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
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Hamburg, August 30, 2007. VTG Aktiengesellschaft, one of Europe’s leading rail logistics companies (securities code number VTG999) has, on the basis of its performance in the 1st half of 2007, for the first time specified its guidance for the full year. Against the backdrop of continuing positive economic conditions, VTG AG's Executive Board expects operating earnings (EBITDA) by the end of 2007 to increase approximately by between 17 and 19 percent to € 132 – 134 million, despite the IPO expenditure and the costs incurred during the refinancing.
For fiscal 2007, VTG moreover expects revenues totaling between € 525 – 530 million, i.e. between 1 and 2 percent above the 2006 level (€ 518.6 million). The expected sustained revenue growth in the Wagon Hire and Tank Container Logistics divisions of between 5 and 7 percent this fiscal year contrasts with minor revenue decline in the Rail Logistics division. This performance in the Rail Logistics division does not, however, have an impact on the earnings situation of this business division or that of the Group.
In the 1st half of 2007, VTG generated revenues totalling € 264 million and operating earnings (EBITDA) of € 61.4 million. Not including the non-recurring IPO expenses and the costs incurred through refinancing EBITDA even came to € 63.1 million.
Head of Investor Relations
Phone: +49 (0) 40 2354 1351
Fax: +49 (0) 40 2354 1350
Head of Communications and Marketing
Phone: +49 (0) 40 2354 1343
Fax: +49 (0) 40 2354 1340
30.08.2007 Financial News transmitted by DGAP
Issuer: VTG Aktiengesellschaft
Phone: 040 2354 0
Fax: 040 2354 1199
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Hannover, Düsseldorf, Hamburg, München, Stuttgart
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