VTG announces healthier results than anticipated

vtgVTG today announced its preliminary unaudited figures for the financial year 2012. Compared with the previous year, revenue for the Group increased by 2.3 percent to EUR 767.0 million. Operating profit (EBITDA) increased by 3.0 percent compared with 2011, reaching a level of EUR 173.8 million. These figures fell within the middle of the range forecast in February 2012, with the overall result in fact more positive than anticipated mid-year 2012. In addition to this positive development, the year was one of many innovations and substantial investment in the wagon fleet as well as new business in the Rail Logistics Division.

“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.