Spanish manufacturer Talgo achieves record revenue of $703 million in 2024, up 2.5% from last year. Company leaders credit robust industrial activity in key regions for this milestone. This is reported by the railway transport news portal Railway Supply.

Spanish manufacturer Talgo achieves record revenue of $703 million in 2024, up 2.5% from last year. Company leaders credit robust industrial activity in key regions for this milestone
Photo: Talgo

Talgo Record Revenue Boosts Financial Stability

Talgo secures an EBITDA of $73.5 million with a 10.5% margin and $9.24 million in net profit. However, the firm reserves $121.8 million for potential penalties from Spain’s Renfe operator.

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Renfe highlights delays in delivering 30 AVRIL high-speed trains under a 2016 deal with Talgo. Executives argue external factors cause setbacks and eye legal steps to safeguard interests.

Talgo’s order portfolio hits $4.38 billion by late 2024, with over 80% from overseas clients. Major deals include 79 Intercity Talgo 230 trains for Germany and 16 for Denmark.

Egypt orders seven trains, and Spain’s Renfe secures 26 high-speed locomotives with maintenance agreements. Consequently, Talgo strengthens its position in both local and international markets.

Talgo Record Revenue Drives Innovation Push

Talgo invests $50.4 million in capital expenditures, channeling $36.75 million into research and development efforts. Thus, the company bolsters its commitment to cutting-edge rail solutions.

Leaders expect Talgo maintains 2024 earnings in 2025, aiming for an 11% EBITDA margin. Plus, the company plans $57.75 million in capital spending, focusing on innovation.

A Basque group, including Sidenor, the regional government, and Kutxabank, acquires 29.7% of Talgo. Spain earlier blocks full takeovers from Hungary, Czechia, and Poland to protect tech.

Talgo seeks a peaceful resolution with Renfe but readies for court if negotiations stall. This strategy highlights the firm’s dedication to defending its operational strength.

Solid earnings and a hefty order backlog enhance Talgo’s prospects despite contractual hurdles. As a result, the company thrives amid global rail sector opportunities.

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