Stadler Rail AG : EBIT growth set to remain limited in 2023
>EBIT margin 6% below forecasts in 2022, and disappointing 2023 guidance (sales and margins below expectations) - Yesterday morning, Stadler published 2022 results that came in close to 6% below forecasts for EBIT (cf. our first take). Order intake was CHF 8.6bn (vs consensus at CHF 8.2bn and ODDO BHF at CHF 8.6bn) as expected after an excellent H1 (CHF 6bn). Sales were up 3% (7% excluding forex effects) to CHF 3.8bn, 2% below forecasts. The EBIT margin was 5.5% (-70b...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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