The 2019 fiscal year was a challenging, eventful but ultimately successful one for Vossloh. Sales revenues in our core business were in line with our expectations. EBIT adjusted for one-time effects even exceeded our forecasts. Our orders received and the addition of important long-term framework agreements give us every reason to be confident about the future. We successfully integrated new acquisitions into our core business, established strategically significant partnerships and signed a contract for the sale of our shunting locomotives business based in Kiel. We implemented a variety of measures in the previous fiscal year to improve our earnings situation and our self-financing power in order to give the company a firm foundation for the future. I will now cover some areas in greater detail below.
Oliver Schuster, CEO