FAIVELEY TRANSPORT Combined Shareholders' Meeting of 30 September 2016
Fiscal Year-end change to December 31
Guidance confirmed for 9-months 2016 fiscal year
Gennevilliers - France, 30th of September 2016
The Combined Shareholders' Meeting of Faiveley Transport was held on Friday, the 30th of September 2016, in Paris at 10:30 a.m. under the presidency of Philippe Alfroid, Chairman of the Supervisory Board.
The 14 resolutions presented during the Combined Shareholders' Meeting and submitted to the shareholders for voting were adopted.
The second resolution proposal related to the allocation of net profit was amended by the Shareholders' Meeting upon a shareholder's proposal of amendment. The Shareholders' Meeting decided to distribute a dividend of €1.00 per share, to be paid on 7th October 2016.
The Shareholders' Meeting also voted and approved the proposed change in fiscal year end to December 31st; as a result of such decision, the current financial year will be of a duration of nine months (April 1st to December 31st, 2016).
Faiveley Transport confirms its precedent guidance for annual Sales and Group adjusted EBIT. This guidance, adapted to the financial year of 9 months to December 31st, translates in Sales outlook between € 795 million and € 810 million and Group adjusted operating profit (before restructuring costs and costs related to the combination with Wabtec) of between €74 and €78 million.
Details of the outcome of the votes, the attendance sheet as well as the final quorum are available on the Company's website (www.faiveleytransport.com), section Regulatory information/Annual general meeting.
Financial calendar:
17th November 2016 (after close of trading), 2016/17 half-year results
About Faiveley Transport :
Faiveley Transport is a global supplier of high added value integrated systems for the railway industry. With almost 6,000 employees in 24 countries, Faiveley Transport generated sales of €1,105 million for the 2015/16 financial year. The Group supplies manufacturers, operators and railway maintenance bodies worldwide with the most comprehensive range of systems in the market: Energy & Comfort (air conditioning, power collectors and passenger information systems), Access & Mobility (passenger access systems and platform doors), Brakes & Safety (braking systems and couplers) and Services.
Faiveley Transport is listed on Euronext Paris and is a component of the CAC Allshare and CAC Mid & Small indices.
Compartment A, ISIN: FR0000053142, Tickers: Bloomberg: LEY FP / Reuters: LEY.FP
Contacts :
Guillaume Bouhours Directeur Financier guillaume.bouhours@faiveleytransport.com
Charlotte Rougeron Responsable de la communication Groupe charlotte.rougeron@faiveleytransport.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FAIVELEY Transport via Globenewswire
