CAF announces 19 % fall in revenues in Q1 2013
Date
April 25, 2013
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Spanish rolling stock manufacturer CAF has reported a 19.1% fall in net profit to €22.2m for the first quarter of 2013. Turnover at CAF was €403.9 million in Q1 of 2013. Export contracts accounted for 82% of this figure.CAF's order backlog decreased by 2.2% to €4.8 billion. The company's Ebitda margin improved from 11.1% in first quarter 2012 to 13.8% this quarter. EBITDA was €55.9 m and profit before tax €29.7 million.
During the first quarter of 2013, CAF was awarded:
- A turnkey contract for the construction of a 30km light rail line in Kaohsiung, Taiwan. CAF's share of the contract is valued at €100m.
- In São Paulo, Brazil, CAF won a five-year contract worth more than €120m to maintain two of Paulista Metropolitan Trains (CPTM) train fleets.
- A €40m contract to supply Freiburg Transport (VAG), Germany, with 12 Urbos 3 LRVs, and
- A €44m deal to supply TLA in the Estonian capital Tallinn with 16 LRVs.
Source: CAF
