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Research update: VTG AG

February 22, 2012



Solid preliminary 2011 results

Europe’s leading non state-owned rail logistics group announced preliminary 2011 sales growth of xx.xx% to €xxx. EBITDA grew by xx.xx% to €xxx. ...


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Research update: VTG AG

October 06, 2011



Defensive with solid long-term potential

Third quarter 2011 results for Europe’s leading non-state owned rail logistics group are due to be released on 16th November. Despite the recent stock market turmoil and a period of ...


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Research update: VTG AG

March 01, 2011



Sound 2010 results with good prospects

Europe’s leading non-state owned rail logistics group now has some 50,800 freight wagons, 9,000 tank containers (for oil and chemicals transport) and 1,100 grain hopper wagons. Preliminary 2010 results were solid with ...


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Research update: VTG AG

June 14, 2010



On the right track

VTG is a leading European logistics group with nearly 50,000 rail freight wagons and some 8,400 tank containers. The group hires out rail wagons and offers ...


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Research update: VTG AG

September 03, 2009



Stable first half 2009 with sound prospects

Europe’s leading rail logistics company VTG reported sound first half 2009 results. Sales were €287m, down by just 4% against a year earlier. Adjusted EBITDA slipped by ...


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Research update: VTG AG

February 24, 2009



Solid 2008 results, steady outlook forecast

Europe’s leading rail logistics company VTG has reported better than expected preliminary 2008 results. Sales rose by 12% to €609m against €541m in 2007 and compared to our ...


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Research update: VTG AG

October 14, 2008



On the right track

VTG is a leading European rail logistics group, hiring over 48,000 rail freight wagons and providing additional services in inter-modal transport. This includes global logistics with its 8,000 tank containers. The group has a strong base level of...


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Initiation of Coverage: VTG AG

July 22, 2008



Building momentum

VTG is a European logistics group with 48,400 rail freight wagons. The group hires wagons and provides services in rail freight and inter-modal transport. The group also offers global logistics with its 8,000 tank containers. Wagon hire contracts are usually for an average of four years, most with monthly...


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