Vossloh AG has received a major order of switch systems for the Australian Inland Rail project via its Australian subsidiary Vossloh Cogifer Australia Pty. Ltd.

Based on the preliminary figures, Vossloh achieved an EBIT of € 24.5 million in the third quarter of 2020 (previous year: adjusted 11.4 million). Overall,EBIT after nine months thus amounts to € 54.5 million with sales of € 617.7 million (previousyear: adjusted € 31.9 million with sales of € 662.1 million) despite noticeable effects of the pandemic. This corresponds to an EBIT margin of 8.8 percent compared to an adjusted 4.8 percent in the previous year. Based on these preliminary figures, the EBITDA margin after nine months is 14.8 percent (previous year: adjusted 10.7 percent). In the first quarter, a carrying amount adjustment of € 15.6 million was recognized in profit and loss resulting from a business combination achieved in stages of a joint venture in China in the Fastening Systems business unit established in the previous year.

Before the new No. 3 metro line in Sofia went into operation in late August of 2020, Vossloh gave the newly-laid rails an initial grinding to prepare them for service. Removing the factory mill-scale not only extends a rail's service life considerably, it also lays the foundation for preventive rail maintenance.

Vossloh won a first contract for the supply of rail fastening systems for a heavy-haul line in Mongolia.

In the invitation to tender for Packages 2B and C as part of Stage 2 of the new railway construction project, Vossloh was again awarded the contract for the supply of rail fasteners.

With its Fastening Systems business unit, Vossloh has won another important tender for the supply of rail fastening systems for the construction of a new high-speed line in China. The order volume is equivalent to over €30 million and underlines Vossloh Fastening Systems' strong market position in the high-speed sector in China.

Vossloh is currently using several milling machines per shift in order to make the best use of possession times of as little as four hours for its customer.

Vossloh Fastening Systems celebrated the production of its one billionth tension clamp at its Werdohl headquarters. This quantity is enough to equip some 150,000 kilometers of track with rail fasteners, equivalent to about four round-the-world trips.

To advance rail freight traffic and sustainably improve the inland connections with the capital Montevideo, Uruguay Central Railroad is planning numerous modernizations e.g. of railway bridges and stations as well as the construction of a 273 km long railway line between Montevideo and Paso de los Toros in the heartland of the country. Called Ferrocarril Central, this railway infrastructure project is one of the biggest private investment in the history of Uruguay. Work started in February 2020 and the reopening of the Ferrocarril Central line is expected for 2022.

Vossloh AG finalized the sale of the Locomotives business unit to CRRC Zhuzhou Locomotive Co., Ltd., Zhuzhou, China (CRRC ZELC), a subsidiary of China Railway Rolling Stock Corporation Ltd. (CRRC), effective May 31, 2020. With the approval by the Bundeskartellamt (German Federal Cartel Office) on April 27, 2020, all official approvals required in Germany and abroad for the execution of the transaction have been granted.