July 30, 2013

CAF announces €50m first half profit

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CAF Civity emu for Montenegro. CAF Civity emu for Montenegro.

CAF announced its first half figures on July 29, which show net profits for the first half reached €50m, 6.4% over net sales.

The company's order backlog on June 30 amounted to €4.93bn, more than of 86% of which is accounted for by international orders, a reflection both of recent success in foreign markets and flatlining demand for new rolling stock in Spain.

The Ebitda margin on June 30 stood at €120.4m, an increase of 8% compared with the figure at the end of June 2012. However, first half net revenues declined significantly from €935.7m in the corresponding period last year to €780.9m.

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