Germany's Vossloh AG (VOSSF.PK) reported a significant drop in its first-quarter Group earnings to 4.2 million euros from 10.5 million euros last year, with earnings per share falling to 0.35 euros from 0.78 euros a year ago. Group EBIT for the period totaled 10.2 million euros, lower than 18.0 million euros in the comparable period, due to Rail Infrastructure's performance.
Sales decreased to 255.7 million euros from 259.5 million euros in the prior-year quarter.
For 2012, the company projects EBIT to range between 100 million euros and 110 million euros, and group earnings between 55 million euros and 60 million euros. In addition, Vossloh reaffirmed its Group sales forecast of 1.25 billion euros - 1.3 billion euros for fiscal 2012.
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