Fastener Firm Sees Revival in Orders to China
November 01
00:00
2012
11/1/2012 2:18:00 AM
FEATURE
Group reported fastening systems sales jumped 38.4% to EUR 86.2 million in Q3, boosted by a revival in rail fastener shipments to China in June.
“Now that shipments of rail fasteners in China were resumed and resulted in initial revenue in June, sales by Vossloh Fastening Systems by the end of Q3/2012 regained the year-earlier volume,” the company announced.
Overall third-quarter sales gained 6% to EUR 320.2 million, with EBITDA up 21% to EUR 39.8 million and net earnings increasing 20.5% to EUR 9.4 million.
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