Stadler Rail: order book reaches record high
The effects of the corona crisis are still being felt. Yet, the Swiss train manufacturer recorded an order intake of CHF 3.1 billion in H1/2021, which corresponds to a stable development on the high level of H1/2020 (also CHF 3.1 billion).
This does not take into account the decisions for the awarding of individual major projects, which were originally expected before the end June. The order backlog nevertheless reached a new record high of CHR 17.9 billion. Revenues climbed by a significant 52% to CHF 1.4 billion.
The service business also showed an improvement, with the order backlog rising by 4% to CHF 4.3 billion. The "rolling stock" segment generated a revenue increase of 57% to CHF 1.2 billion.
The outlook remains good. For the end of 2021, the company expects an order intake of around CHF 4 billion to CHF 5 billion, and a turnover of CHF 3.5 billion to CHF 3.8 billion. (ben)