CAF- Results for 1st Quarter 2018.(Extract)

The main contracts signed and included in the backlog for the first quarter of 2018 are:
Naples (Italy)Vitoria – Gasteiz(Spain) – Hybrid/electric buses (Spain)

In addition to the order intake of new units for the city of Vitoria-Gasteiz, the order for the city of Naples is added, which is an extension to the contract for the acquisition of rolling stock signed in 2017.
Moreover, the various projects commissioned from Vectia, a subsidiary dedicated to designing and supplying hybrid and electric buses for the urban environment, reflect the success of the technology developed by CAF Group in recent years.
The order intake contains other contracts related to services, MiiRA and other business areas, as well as adjustments made to projects in progress (capital gains, capital losses and conversion adjustments, mainly).
On 17 April, 2018 the contract for the supply of metro units for the city of Barcelona was also signed.

Revenue as of 31 March 2018 amounts to EUR 439,218 thousand, that is, EUR 99,196 thousand (29%) higher compared to the figure for the three months period ended on 31 March 2017. This increase is mainly explained by the greater industrial activity.
The geographical distribution of revenue continues to reflect the strong international presence of CAF Group’s activity. In the first quarter of 2018, international business accounted for 90.1% of total revenue.
The main manufacturing projects in progress during the first quarter of 2018 correspond to the commuter and regional segment. Highlights include the projects in the United Kingdom, particularly the Northern and Transpennine franchises, along with the cars for the Caledonian Sleepers franchise. The regional units for the Dutch operator NS and the commuter trains for the line between Mexico City and Toluca have also contributed significantly to revenues in the three months period ended on 31 March 2018.

CAF Images.

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