Talgo 9M17 results: sales disappoint as we expected
Talgo 9M17 results: sales disappoint as we expected
- Sales missed the consensus
- Results in-line with expectations
- We recently adjusted our estimates…
- …and lowered our target price to €5.52
- Our Hold recommendation is unchanged.
- Conference call: 15th November, 17:00h CET
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.
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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