Switzerland · Delayed Price · Currency is CHF Stadler Rail AG Earnings Call Transcripts
Fiscal Year 2025
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Order intake and backlog reached record highs, with revenue and EBIT margin both rising year-over-year. Despite supply chain disruptions and economic headwinds, guidance for 2026 and beyond remains strong, with significant investments planned and a focus on innovation and efficiency.
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Inflation and tariff risks in the U.S. are mitigated by contract indexation clauses, with no material margin impact seen yet. Net working capital is expected to remain negative but reduce in 2026, and a significant rise in minority expense is due to participations.
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Strong growth in Europe and the U.S. is underpinned by a CHF 30 billion order backlog, leadership in green and digital rail technology, and a rapidly expanding signalling division. Operational resilience and process harmonization support a return to 6%-8% EBIT margin, with revenue set to surpass CHF 5 billion by 2026.
Fiscal Year 2024
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2024 saw major flooding disrupt production, shifting CHF 350 million in revenue to future years, but order intake remained strong and the order backlog reached CHF 29.2 billion. EBIT margin fell to 3.1%, with recovery and strong growth expected by 2026.