Stadler Rail boosts sales by 60 percent

The Canton of Thurgau car Builder Stadler Rail has increased in the last year earnings. Below the line, the value of the 128.5 million Swiss francs, or 8 per

Stadler Rail boosts sales by 60 percent

The Canton of Thurgau car Builder Stadler Rail has increased in the last year earnings. Below the line, the value of the 128.5 million Swiss francs, or 8 per cent more than in the previous year, as the company writes in a message from Thursday.

All other figures are for the end of January, of the order of magnitude known. Sales rose significantly more than the profit by 60 percent to 3.20 billion Swiss francs and the operating profit (Ebit) by 28 percent to Euro 193.7 million. The corresponding margin decreased to 6.1 by 7.5 percent. The shareholders are also already known, in the enjoyment of a dividend of 1.20 Swiss francs per share to come.

58 trains of the type "Flirt" delivered

The Preliminary figures for publication in January was because the company missed its targets for revenue and operating profit. The main reason is the postponement of projects, particularly the project of East Anglia in the United Kingdom. Stadler is to supply to the UK rail companies a total of 58 trains of the type "Flirt", where it came from, as we know, delays.

on the one Hand, have not met the camera system on a British supplier expectations; on the other hand, the infrastructure in this Region had come in the years, which have resulted in the commissioning of interference, and it is now called. In addition, investments in growth, higher selling expenses and changes in exchange rates would have impacted the profitability, writes the company.

"Similar result" as 2019

the goals for the current year to 2020 since January more or less known. Thus, in turn, double-digit sales target is growth. The Basis for this was laid in 2019, with a 17 percent increase in orders from 5.12 billion. The order backlog at the end of the year amounted to 15 billion.

Higher investments and costs in connection with the capacity Expansion, the margin would affect but also in the current year, will be emphasized. It was to be expected, therefore, with a "similar result" as 2019.

there is now also a dividend promise for 2020: As was planned, around 60 percent of consolidated earnings to distribute the communication more. (step/sda)

Created: 05.03.2020, 08:03 PM

Updated Date: 05 March 2020, 14:02

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