Stadler Rail AG : 2023 results and 2024 guidance lower than expected
>FY 2023: sales down 4%, EBIT margin down 40bp at 5.1% - Stadler published this morning 2023 results below expectations at EBIT level.Orders were down 20% at CHF 6.8bn (vs css at CHF 6.8bn). The book-to-bill stood at 1.9x. Sales fell by 4% to CHF 3,608m, 5% below forecasts. EBIT came to CHF 183m and the margin to 5.1%, down 40bp. The consensus forecast was for an EBIT margin of 5.4%. EBIT was therefore nearly 11% below consensus forecasts. The group hig...Stadler Rail AG is a Switzerland-based company engaged in design and manufacturing of rail vehicles. The Company's product portfolio includes suburban and regional transport trains, light rail vehicles, trams, high-speed and intercity trains, city transport vehicles, locomotives, passenger trains and tailor-made vehicles. The Company serves customers worldwide.
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