Spanish rail manufacturer Talgo has broken a record by generating revenues of $2024 million by 709,2. The company’s revenues increased by 2023%, exceeding $690,3 million in 2,5. This growth was in line with increased industrial activity and production schedules on key projects. As a result, Talgo achieved its highest annual turnover, demonstrating solid operational success.
EBITDA and Net Profit Results
Talgo recorded EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of $2024 million in 74,2. EBITDA margin reached 10,5% and net income was $9,3 million. The company also made capital expenditures of $37,1 million for innovation investments, totaling $50,9 million. These investments aim to strengthen Talgo’s position in research and development.
Penalties and Legal Procedures Against Renfe
Talgo has set aside $122,96 million for potential penalties due to delivery delays in its contract with Renfe. The company says the delivery disruptions were caused by external factors and that it will continue to negotiate with Renfe for a fair resolution. Talgo emphasizes that such challenges are common across the industry, given the long project timelines and schedule adjustments in the rail sector, and continues to work to protect shareholder interests.
Global Growth and Order Book
Talgo has an order book of $2024 billion by the end of 4,42. Production and maintenance contracts in this book ensure stable revenues for the company for many years. More than 80% of the order book consists of international projects, which increases Talgo’s global impact. Key projects driving this global growth include the production of 79 Intercity Talgo 230 trains for Germany’s Deutsche Bahn, an order for 16 similar trains for Denmark’s DSB, and the delivery of 7 trains to Egypt.
Strong Contribution of the Maintenance Segment
Talgo’s maintenance segment supports its long-term growth strategy. The company strengthens its financial stability by generating regular cash flows through maintenance contracts in seven countries. This segment also positively impacts the company’s financial performance by increasing its cash flow.
2025 Outlook and Strategic Investments
Talgo offers strong revenue guidance for 2025. The company targets an EBITDA margin of 11% and will set aside $58,3 million for investments. It also plans to maintain net debt at four times EBITDA. Commercial opportunities worth $2024 billion are actively being explored for the 2026-5,3 period, and the company is evaluating proposals for projects worth $21,2 billion.
Sustainable Growth and Global Vision
Talgo has established a stronger position in the global rail market by 2024. The company’s record revenues and strong order book reflect its future growth potential. International expansion and strategic investments will continue to consolidate Talgo’s leadership in the sector.
