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The figures to be announced today by train manufacturer Stadler Rail were eagerly awaited.
The order intake reported in the press release as 6.8 billion francs (2022: 8.6 billion) and the backlog of orders as of December 31, 2023 to be 24.4 billion francs (31/12/2022: 22.0 billion) are within analysts’ expectations.
Sales amounted to 3.6 billion francs, slightly below the previous year’s (3.8 billion). However, this figure is still considered satisfactory due to serious negative exchange rate effects of approximately 100 million francs. Earnings before interest and tax amounted to 183.3 million francs. These values were also within expectations.
The consolidated result increased significantly to 138.6 million francs (previous year: 75.1 million). It reached its highest value since the IPO five years ago. The increase in the consolidated result is due to the lower exchange rate losses in the financial result compared to the previous year. Additionally, significantly higher interest income was recorded due to high liquidity.
Good order reception from various markets
Stadler attributes last fiscal year’s performance, described as “very good” in the statement, primarily to its diversified product portfolio. Stadler Rail has managed to achieve certain market successes in Kazakhstan, Lithuania, Italy and the USA.
At the beginning of the year, Stadler and Kazakh Railways (KTZ) signed a long-term contract for the delivery of 537 sleeper and couchette wagons. The contract, worth 2.3 billion euros, also covers the 20-year maintenance of sleeper and couchette wagons.
Group CEO Markus Bernsteiner says about the 2023 financial year: “We were able to largely compensate for material price increases and supply bottlenecks in the 2023 financial year thanks to ongoing efficiency measures in production.”
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
