“We ended the last year much better than expected. Primarily as a result of the positive trend in the Railcar Division, we were able to make up ground and iron out the slight dent from the first half of the year and achieve a pleasing overall result”, says Dr. Heiko Fischer, CEO of VTG Aktiengesellschaft, adding: “In 2012, we worked intensively on the expansion and competitiveness of our wagon fleet. Thus more than 1,700 new wagons were constructed, delivered and hired out to customers directly. The technological solutions that we have realized for our customers represent a clear step forward in terms of innovation, process optimization and quality.” Moreover, VTG has integrated the new operations in Russia into the Group and made the preparations there for further growth.