With orders exceeding 2.1 billion euros, Talgo doubled its portfolio to 4.223 billion euros, extending until 2030, this is reported by the railway transport news portal Railway Supply.

Talgo reported its record financial performance for 2023

The company’s revenue grew by 39% to reach 652 million euros, with an EBITDA of 76.5 million euros and a net profit of 12.2 million euros.

LTG Cargo: a reliable partner in the world of logistics

The main driver of growth was contracts with DB and DSB for the supply of Talgo 230 trains, as well as contracts in Spain for the supply of locomotives and maintenance of Talgo 250 trains.

However, rising interest rates are putting pressure on profitability.

The company plans to increase investments to 30 million euros in 2024, while potential orders for the coming years are estimated at 5 billion euros, with long-term projects exceeding 20 billion euros.

Talgo is actively exploring commercial opportunities in various markets, demonstrating a commitment to further prosperity and innovation.

Photo: Talgo

Rail business, industry, and railway technology news from Railway Supply that you might have missed:

Kazakhstan is selling locomotives to Mongolia

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit