Sales for this year, excluding rail vehicles, are expected to be between €1.13bn and €1.16bn which is a slight improvement on 2014 when Vossloh achieved sales of €1.1bn.

Vossloh confirms that the Ebit margin for 2016 will improve only slightly due to the continuing restructuring of the company and increased investment in product innovation. The Ebit margin for 2016 is forecast to be between 4 and 4.5%, compared with a forecast of 3-4% for this year. However, Vossloh predicts that its Ebit margin will rise in 2017 to between 5.5 and 6%.

The sale of the rail vehicles division to Stadler Rail is expected to be completed in the first quarter of 2016 subject to approval by anti-trust authorities.