03.06.2024 09:30:27 - dpa-AFX: EQS-News: Vossloh wins further order for rail fastening systems in the Chinese high-speed network (english)

Vossloh wins further order for rail fastening systems in the Chinese
high-speed network

EQS-News: Vossloh Aktiengesellschaft / Key word(s): Incoming Orders
Vossloh wins further order for rail fastening systems in the Chinese
high-speed network

03.06.2024 / 09:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Vossloh wins further order for rail fastening systems in the Chinese
high-speed network

* Order value more than EUR20 million

* Deliveries mainly expected in the second half of 2024

Werdohl, June 3, 2024. Vossloh has further strengthened its excellent market
position in China. The Chinese subsidiary Vossloh Fastening Systems China
Co. Ltd. was again commissioned to supply rail fastening systems for a
section of a high-speed line currently under construction in China. The line
will connect the metropolis of Jinan, capital of the eastern Chinese
province of Shandong, with the major city of Binzhou, some 120 kilometers to
the northeast. In between are four other stations that will be newly built,
including one at Jinan Yaoqiang International Airport.

The order has a sales volume equivalent to more than EUR20 million. Deliveries
of the rail fastening systems are mainly scheduled for the second half of
2024.

'This latest order win illustrates how much confidence Chinese market
participants have in our products. We have been operating in China for 18
years now with a subsidiary including our own production facility and have
built up an excellent reputation,' says Oliver Schuster, CEO of Vossloh AG,
adding: 'We are proud to once again make an important contribution to the
development of the world's largest and most modern high-speed network and to
promote environmentally friendly mobility there.'

The Chinese high-speed rail network currently covers just over 43,000
kilometers and is planned to be expanded to over 70,000 kilometers by 2035.
The Chinese subsidiary Vossloh Fastening Systems China Co. Ltd. based in
Kunshan has around 130 employees and is one of the leading local suppliers
of rail fastening systems, particularly for highly demanding applications on
high-speed lines.

Contact details for the media:
Andreas Friedemann
Phone: +49 (0) 2392 52-608
E-Mail: Presse@vossloh.com

Contact details for investors:
Dr. Daniel Gavranovic
Phone: +49 (0) 2392 52-609
E-Mail: I nvestor.relations@vossloh.com

Vossloh is a global technology group that has stood for quality, safety,
customer focus, reliability and innovation for around 140 years. With its
comprehensive range of products and services for the rail track, Vossloh is
one of the world market leaders in this field. Vossloh offers a uniquely
broad range of products and services under one roof: Rail fastening systems,
concrete ties, switch systems and crossings as well as innovative and
increasingly digital-based services for the entire life cycle of rails and
switches. Vossloh uses its systemic understanding of the track to address
the central customer need of 'rail track availability'.

Vossloh products and services are in use in more than 100 countries. With
around 75 Group companies in almost 30 countries and over 40 production
locations, Vossloh is active locally worldwide. Vossloh is committed to
sustainable corporate governance and climate protection and makes an
important contribution to the sustainable mobility of people and goods with
its products and services.

The Group's activities are divided into three divisions: Core Components,
Customized Modules and Lifecycle Solutions. In the 2023 financial year,
Vossloh generated sales revenues of EUR1,214.3 million with around 4,000
employees.


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03.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        Vossloh Aktiengesellschaft
                   Vosslohstr. 4
                   58791 Werdohl
                   Germany
   Phone:          +49 (0)2392 52 - 359
   Fax:            +49 (0)2392 52 - 219
   E-mail:         investor.relations@vossloh.com
   Internet:       www.vossloh.com
   ISIN:           DE0007667107
   WKN:            766710
   Indices:        SDAX
   Listed:         Regulated Market in Dusseldorf, Frankfurt (Prime
                   Standard); Regulated Unofficial Market in Berlin,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1915985




End of News EQS News Service
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1915985 03.06.2024 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
VOSSLOH AG O.N. 766710 Frankfurt 47,150 28.06.24 08:20:01 +0,400 +0,86% 0,000 0,000 47,150 46,750

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