Talgo : Talgo outlines initial impact of COVID-19 on its business
>Impact on manufacturing and services: 2020 guidance suspended - Talgo has taken 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; fewer staff present) and a negative impact on services, stemming directly from the reduced use of train fleets by customers. The main projects under way, notably AVRIL, are therefore making progress, but a little less quickly, and Talgo seems ...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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