20.08.2020
Artikel Nummer: 32837
Corona spares wagon hire business
Despite the massive global fallout from the Covid-19 crisis, VTG Aktiengesellschaft ended the first half of the 2020 financial year with solid results. Both revenue and ebitda are roughly on a par with the previous year’s levels.
At EUR 605.8 million, group revenue was actually 1.1% up on the same period a year ago. This fact is attributable to the continuation of a very stable wagon hire business and, in particular, to the repair shops owned by the VTG Group.
Transport volumes in the logistics units were down slightly, above all due to Covid-19-related production outages. VTG expects the coronavirus crisis to continue to have an impact in H2/2020. (ben)