Report
Delphine Brault

Stadler Rail AG : We are slightly adjusting our forecasts and remain clearly positive

>We are making marginal adjustments to our 2021 and 2022 estimates - We have adjusted our forecasts in the context of unchanged 2021 guidance. We expect revenue of CHF 3.7bn this year, then CHF 4.0bn with a slightly more negative forex effect.  Our EBIT margin forecast now stands at 6.3% in 2021e, then 7.5% (2022e) and 8.3% (2023e), which would take it back to 2016-2017 levels. Stadler reconfirmed that COVID is still weighing on the potential of services and the suppl...
Underlying
Stadler Rail AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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