Report
Delphine Brault

Talgo : Les services sont encore sous pression mais c’est dans les cours

>Le T2 a été violenté par la crise, notamment en Espagne - Avec un CA trimestriel soutenu de 104 M€ (en hausse de 29%), mais un EBITDA ajusté de 0 M€ (vs 17.5% de marge au T2 2019 et 13.1% au T1 2020) et un RN de -10.6 M€, le T2 a vu fondre ses profits, tandis que le cash est resté sous contrôle (cash net de 23 M€ au bilan). Les revenus et profits des services se sont effondrés (Espagne, Kazakhstan, Arabie-Saoudite et USA), tandis que la fabrication neuve a été en fo...
Underlying
Talgo SA

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.

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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