VTG Aktiengesellschaft, one of Europe’s leading wagon hire and rail logistics companies, became significantly more profitable in the financial year 2016.
Operating profit (EBITDA) rose from €336.5m ($361.8m) to €345.3m ($371.3), 2.6% up on the previous year, despite the fact that revenue declined by 4.0% from €1,027.5m ($110.4m) to €986.9m ($1.1bn).
This positive development is due partly to the ongoing realisation of synergies following the acquisition of AAE, but partly also to successful steps to improve efficiency in various Group divisions. Since profitability has improved sustainably in the wake of the AAE takeover, the Executive Board proposes that the dividend this year be increased from €0.50 ($0.53) to €0.75 ($0.80) per share.
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