VOSSLOH confirmed on October 29 that it is close to reaching an agreement on the disposal of its Vossloh Rail Vehicles business unit and announced a 6% increase in group sales in the first nine months of 2015.
GERMANY's Vossloh Group has reported an 11% increase in revenue and a 62.3% jump in Ebit for the first half of 2015 despite a drop in sales of rail fastenings.
BRITISH open-access operator Direct Rail Services has awarded Vossloh Spain a contract to supply seven additional class 68 UKLight locomotives via Beacon Rail Leasing, Britain.
A groundbreaking ceremony was held at Suchsdorf in the northern German state of Schleswig Holstein on July 17 to mark the start of construction on a new production facility for Vossloh Locomotives.
MID-SAXONY Transport Authority (VMS) has awarded Vossloh Kiepe and Vossloh Rail Vehicles a contract to supply four additional City Link tram-trains for use in the Chemnitz area after the state of Saxony agreed to fund 75% of the €23.7m order.
THE governor of the Brazilian state of São Paulo, Mr Geraldo Alckmin, signed a 20-year public-private partnership concession with BR Mobilidade Baixada Santista consortium on June 23 to operate the new light rail line and buses in Santos.
Vossloh and VR Track, a subsidiary of Finnish state-owned railway VR Group, have signed contracts to jointly operate three switch production facilities and cooperate in continuous welded rail production.
SALES for the Vossloh Group increased by 8.7% to €319.8m for the first three months of 2015. With strong growth in non-European markets, sales grew particularly strongly outside Europe and now account for 42.5% of total sales compared with 34.9% in the first quarter of 2014.
KARLSRUHE Transport (VBK) and Albtal Transport Company (AVG) have exercised an option with Vossloh Kiepe and its Spanish sister company Vossloh Rail Vehicles for 25 additional CityLink NET 2012 tram-trains, taking its total fleet of these vehicles to 50.
DESPITE recording a 1.8% increase in group sales in 2014 to €1.32bn, Vossloh reported a negative Ebit of €171.6m as the company's restructuring plan continues to impact its performance.
