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Vossloh Confirms FY19 Outlook

Vossloh AG Tuesday confirmed its outlook for operational business in 2019 fiscal year.

The company continues to expect group sales of €900 million to €1 billion and EBIT between €50 million and €60 million.

For the 2020 fiscal year, management plans are unchanged for Group sales between €950 million and €1.05 billion and EBIT between €65 million and €80 million.

Group sales for the first quarter amounted to €190.0 million, compared to previous year €178.3 million.

The company also announced decision to reduce number of employees from the end of 2018 amounting to around 5 percent as well as a systematic review of unprofitable activities.

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