Talgo : Services remain under pressure, but already priced in
>Q2 hard hit by the crisis, notably in Spain - With robust quarterly sales of € 104m (up 29%), but adjusted EBITDA at € 0m (vs a margin of 17.5% in Q2 2019 and 13.1% in Q1 2020) and a net loss of -€ 10.6m, the group saw its profits collapse in Q2, whilst cash remained under control (net cash position of € 23m on the balance sheet). Revenues and profits at the services activity collapsed (Spain, Kazakhstan, Saudi-Arabia and the US), whilst new production was up sharpl...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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