Corporate News – 26 January 2018

A successful start in the Rail segment at the beginning of 2018 – delivery of the first order for more than EUR 17 million has started

Aves One AG (Aves) significantly enlarged its logistics assets portfolio again at the year-end. Aves One AG has taken delivery of the first 20 brand new freight wagons from the order for more than EUR 17 million recently concluded. Delivery of the total of 185 bulk freight wagons in regular instalments is expected until the third quarter of 2018. All the bulk freight wagons will be in long-term use by a major steel industry customer. Initially the wagons will be acquired from the company’s own funds, and are scheduled for transfer to a longterm bank finance arrangement.

Jürgen Bauer, a Member of the Executive Board of Aves One AG, explains: “I am very satisfied with the way 2018 has started. Following a successful year in the Rail segment in 2017, we expect further dynamic growth of our fleet through additional investments, and positive contributions to this year’s result.”