Bulging order backlogs and higher profits for Spanish rolling stock manufacturers
Talgo and CAF have posted solid number over the past six months, in the past few days. CAF is sitting on a new all-time high order back log, while Talgo noted that it is on track for a a new record over the whole of 2023. Both rolling stock manufacturer posted increases in net profit.
Talgo saw its net profit increase by 32 per cent to reach 7 million euro. Revenue came out at 289 million for the first half of the year, up 33 per cent compared to the same period in 2022. The company is currently sitting on an order backlog of 2.7 billion euros. However, Talgo is on a trajectory for more 4 billion by the end of this year, which would be a new record. Chief among the recent orders are 8 new trains and maintenance for Danish operator DSB and the 56 additional ICE-L low-floor long-distance trains for Deutsche Bahn.
CAF, on its part, saw revenue go up by 23 per cent in the first six months of 2023 to reach 1.87 billion euro. Net profit reached 34 million, an improvement of 12 percent compared to last year. While the 1.964 billion in order intakes in the first half of the year was 26 per cent lower than in the same period last year, the order backlog nevertheless increased by 0.7 percent to slightly above 13.3 billion. CAF splits its orders into railway vehicle and buses. The total order backlog for rail came out 1.4 per cent higher.
CAF lists the first tests with its new hydrogen train prototype among the highlights of the first half of 2023. It also was the first test of a hydrogen train on the Spanish network. The train will continue its trials in 20234 in Portugal, the manufacturer says.