Talgo left seven million until March to manufacture delay and higher financial expenses
Talgo I registered some Costumes of 7.1 million euros In the first three months of 2025, compared to the benefit of 10.4 million from the same period in the previous year, due to the low degree of progress in the planned manufacturing of their trains. According to its latest quarterly accounts, the fall is also due to More costs for high -speed trains In Spain, to increase financial expenditures and increase extinguishing due to investments made in previous years.
In this period, income was 154.2 million euros, 7 % lower than last yearAt the same time that the result of the total exploitation (EBITDA) was 13.6 million, 32 % lower, which gives a profitable margin of 8.8 %, compared to the previous 12 %. “The environment in the first three months of the year can be considered complicated, with a A decrease in manufacturing activity For the challenges of ongoing projects and the number of kilometers implemented by the 102/112 series of series RinfThe company, whose maintenance is responsible for Talgo. “
In addition, a record a Top expenditures As a result of the investments made in previous exercises to develop the Talgo Avril and Talgo 230 platform, and an increase in financial expenditures. About the first of these trains, defends what he has.High levels of reliability and availabilityAt the height of expectations, “although its operations at the beginning of its operations in Spain have recorded many accidents, according to the Ministry of Transport.
For Talgo 230, whose first units are planning to present in the second half of the year to the German DB operator, it is noticed that it is in negotiations To adapt to customer needs And to the industrial rhythm, after delaying delivery for about a year.
Specifically, this last position caused the company not to give expectations by 2025, due to the difficulty of assessing accuracy Main business sizesIn addition to the transition period in which the capital structure is located, with the suspended entry of the Basque Union led by Sidenor replacing the Trilantic Fund.
Project portfolio Over 4000 million euros At the end of March, in line with the numbers in the past year, although it has already discovered opportunities for the nearby bit Contracts of 5800 million euros.
Maintenance activities are currently about 50 % of the company’s request portfolio through long -term projects in eight countries, which defend this.It leads stability Providing reliable cash flow, with the expansion of the base installed with a new delivery. “At the workplace, Talgo emphasizes this It decreased by about 50 % The accident and intensity rates, compared to the same period from 2024.
