logo
Plus   Neg
Share
Email

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Whole Foods Market stores have recalled Decorated Red Apple Cookies as they may contain undeclared egg. People who have an allergy or severe sensitivity to these allergens run the risk of serious or life-threatening allergic reaction if they consume these products. The cookies were sold by the... Norwex has announced voluntary recall of about 58,000 rubber brooms due to laceration hazard. According to the company, handles of the recalled brooms can break in half, exposing a metal inner rim, posing a laceration hazard to the user. The recall involves extendable indoor/outdoor white rubber... Amazon.com Inc. has expanded its AmazonFresh grocery delivery service to three new cities. Beginning today, Amazon Prime members in Houston, Minneapolis and Phoenix can shop thousands of products, ranging from meat and seafood to fresh produce and everyday essentials. The groceries will be delivered to their homes in two hours or less, with options for one-hour and two-hour delivery.
Follow RTT