Talgo : Forecasts reduced with the COVID-19 crisis - services penalised in Spain
>Manufacturing delayed, services penalised by trains at a standstill - Some days ago, Talgo took initial stock of the situation by describing a slight slowdown in production at this stage in its two main factories (Rivabellosa and Las Matas II; reduced staff presence) and a negative impact on services, directly derived from the reduced use of train fleets by customers. Since then, Spain has moved into a state of exceptional emergency, placing the manufacture of non-es...Talgo is engaged in designing, manufacturing, repairing and maintaining the railway rolling stock, as well as the manufacturing, assembling, repairing and maintaining the engines, machinery and parts of the railway systems. Co. has an industrial presence in seven countries: Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and U.S.A. Co. has an active fleet in Europe, Asia and North America that comprises of 94 high-speed trains and more than 1,400 Talgo tilting passenger cars. Also, Co. purchases, redesigns, constructs, leases and sells all types of real estate.
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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