Stadler Rail AG : Positive signals despite a slightly weaker-than-expected H1 2023
>Excellent FCF provides reassurance despite a slightly lower-than-expected H1 - Stadler’s H1 2023 results, reported yesterday morning, fell around 3% short of expectations at the EBIT level (see our first take). Order intake came to CHF 4.7bn (vs css of CHF 3.9bn), down 22% after an exceptionally strong H1 2022 (CHF 6bn). Revenues came in 12% lower (-9% excl. forex effects) at CHF 1.3bn, 8% below expectations, due to more marked seasonality than anticipated. The...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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