Stadler Rail AG : Margins and FCF disappoint in H1
>H1 well short of expectations margin-wise - Stadler’s H1 2024 results, reported yesterday morning, fell nearly 35% short of expectations for EBIT (see our first take). Order intake came in at CHF 2.55bn (vs css at CHF 2.72bn), down 45% after a strong showing in H1 2023 (CHF 4.7bn). Revenues came in slightly higher (+0.3%, +1.3% on constant currencies) at CHF1,293m, in line with expectations. EBIT and FCF were the two main negative aspects with this release....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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