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VTG continues on path of ‘controlled growth’

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VTG Aktiengesellschaft recently presented its preliminary unaudited figures for 2011.

According to these figures, Group revenue rose by 19.2% from the previous year, to €750.0 million.

Operating profit (EBITDA) increased by 9.3% compared with 2010, reaching a level of €168.7 million, achieving the upper half of management’s forecast.

“We used the year 2011 to actively push forward our international expansion and once again strengthen the company”, states Dr. Heiko Fischer, CEO of VTG Aktiengesellschaft.

“The strategic acquisitions in Russia and North America, the two largest rail transport markets in the world, as well as a large order book for the construction of new wagons for the European market were made possible by the new financing structure of the Group.

“They serve as proof that we are on a continual path of growth and mean we are confidently looking towards 2012.”

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