Vossloh has recorded an improved third quarter following a “modest” first half to 2012.
The rail infrastructure and technology experts have announced nine-month sales figures slightly above last year’s results thanks to a strong performance by the company’s rail infrastructure division.
Nine-month sales by the rail infrastructure division totalled 571.5 million euros, just below 2011’s 573.9 million euros. However, sales rose by 8.8 per cent in the third quarter of this year to 218.4 million euros.
Q3 sales for the fastening systems business have also risen substantially in the last quarter, increasing by 38.4 per cent to 86.2 million euros following a major revival in rail fastener shipments in China, which resumed in June after project delays.
Conversely, revenues at Vossloh Rail Vehicles fell by over 29 million euros because of “persistently weak demand for rail welding and rail logistics services”.
Werner Andree, CEO of Vossloh AG, said: “Following a modest first six months, we then picked up pace in the third quarter. We’re on track to achieving our goals for fiscal 2012.”
