Construcciones y Auxiliar de Ferrocarriles SA

Latest Results (15.10.2025):

Construcciones y Auxiliar de Ferrocarriles SA reported strong financial performance in the first half of 2025, showcasing significant growth in order intake, revenue, and profitability. The company maintains a robust financial position with a historic high backlog, ensuring solid visibility for future activities.

Order Intake

The company achieved a record order intake of €3,069 million in H1 2025, marking a 78% increase compared to H1 2024. This surge was driven by substantial orders across all business lines, particularly in rolling stock and services, with a notable emphasis on zero-emission buses.

Revenue and Profit

Revenue for the first half of 2025 reached €2,174 million, reflecting a 4% growth year-over-year. Net attributable profit surged by 40% to €73 million, underscoring improved profitability and operational efficiency.

EBIT and Margin

EBIT stood at €114 million, increasing by 5.2% from the previous year. The EBIT margin also saw a slight improvement of 0.3 percentage points, highlighting the company's ability to enhance earnings relative to its revenue.

Cash Flow and Debt

Operating cash flow remained stable at €0.3 million, while the Net Financial Debt reached €225 million, resulting in a debt-to-EBITDA ratio of 0.7x. This reflects a strong and manageable debt position amid the company's growth initiatives.

Sustainability and Outlook

Construcciones y Auxiliar de Ferrocarriles SA made positive strides in implementing its Sustainability Master Plan and maintains an optimistic outlook for 2025 despite an unstable economic environment. The company continues to prioritize sustainable growth and operational excellence.