Bankinter S.A. - Talgo SA (TLGO) Talgo: 1Q19 results preview: Sales may increase 5% yoy and EBIT +21%

Report

Bankinter S.A.

Pedro Echeguren

EUR 10.00 For Business Accounts Only

Talgo: 1Q19 results preview: Sales may increase 5% yoy and EBIT +21%

Talgo will report its 1Q19 results on Tuesday 14th May.
Moderate growth in sales …
…but accelerating in the next quarters
A strong pipeline
Buy reiterated

13/05/2019 1 EN

Underlying

Talgo SA

Talgo is engaged in designing, manufacturing, repairing and maintaining the railway rolling stock, as well as the manufacturing, assembling, repairing and maintaining the engines, machinery and parts of the railway systems. Co. has an industrial presence in seven countries: Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and U.S.A. Co. has an active fleet in Europe, Asia and North America that comprises of 94 high-speed trains and more than 1,400 Talgo tilting passenger cars. Also, Co. purchases, redesigns, constructs, leases and sells all types of real estate.

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ES0105065009 Madrid Stock Exchange Spain

Provider

Bankinter S.A.

Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.

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Analysts

Pedro Echeguren

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Talgo: 1Q19 results preview: Sales may increase 5% yoy and EBIT +21%

IBERIAN DAILY 19 DECEMBER (ANÁLISIS BANCO SABADELL)

INFORME DIARIO 19 DICIEMBRE (ANÁLISIS BANCO SABADELL)

IBERIAN DAILY 16 DECEMBER (ANÁLISIS BANCO SABADELL)

Reig Jofre: EBITDA maintains its growth in 1H20 (+40%) driven by sales (+25%) and cost efficiencies

Reig Jofre: EBITDA increased +43% in 1Q20 fuelled by sales (+26%) and a higher EBITDA margin

Reig Jofre: EBITDA (adj.) +17% in 2019 and guidance is 2x in a five-year plan

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