Stadler Rail AG : H1 results miss expectations, 2024 guidance confirmed
>H1 results lower than expected, notably on the margin - Stadler this morning reported H1 2024 results that came in below expectations. Orders were down 45% to CHF 2.55bn (css at CHF 2.72bn). The level of orders remains relatively high with the book-to-bill reaching 2x, but the group said that some orders were postponed to H2.Revenues were stable (+0.3% with +1.3% at constant exchange rates) at CHF 1,293m, in line with expectations (CHF 1,289m). The group un...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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