PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG
PDF, 3.2 MB - Pfleiderer AG
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In addition to the operative results of the Business Center track systems, earnings before interest,<br />
taxes, depreciation and amortization (EBITDA) for the Business Segment Infrastructure Technology<br />
reflect adjustments following the sale of operations, as well as consolidation effects from this<br />
segment. Despite these expenses, EBITDA improved slightly by 5.5 percent in the previous year<br />
to 19.1 million euros (2003: 18.1 million euros). Earnings before interest and taxes (EBIT) came<br />
to 15.3 million euros and were practically stable compared to the previous year (2003: 15.4 million<br />
euros).<br />
Key Indicators of Business Segment Infrastructure Technology<br />
in million euros 2004 2003<br />
Sales revenues 138.2 124.9<br />
EBITDA 19.1 18.1<br />
EBIT 15.3 15.4<br />
Capital employed 54.9 56.0<br />
ROCE (in %) 27.8 27.5<br />
Sales Revenues<br />
2004<br />
2003<br />
EBITDA EBIT<br />
2004 19.1 million euros 2004<br />
15.3 million euros<br />
2003<br />
Products<br />
<strong>Pfleiderer</strong> track systems has been developing and producing sleeper systems for intercity and<br />
urban rail transportation since 1954. Its customers are the major rail operators, as well as operators<br />
of municipal, underground and tramway networks. Working in close cooperation with<br />
its customers and associates, <strong>Pfleiderer</strong> track systems offers an allround service, from product<br />
development, design, project engineering, production, supply and logistics through to quality<br />
management.<br />
In addition to its classic monolithic sleeper system for traditional asphalt top-layers – the type<br />
B70 concrete sleeper – <strong>Pfleiderer</strong> track systems produces a wide range of products to meet<br />
specific requirements. Particularly important here is <strong>Pfleiderer</strong>’s patented monolithic track system<br />
RHEDA 2000® with which it has had considerable international success. The RHEDA 2000®<br />
technology has proved itself over the last few years in the construction and operation of major<br />
European high-speed rail links. The system is also used in a wide range of special applications,<br />
for example when renovating tunnels, or as RHEDA CITY version for light rail systems such as city<br />
railways and tramways.<br />
36<br />
18.1 million euros<br />
2003<br />
15.4 million euros<br />
138.2 million euros<br />
124.9 million euros
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