CAF says while order intake was down 10% at \u20ac407m, its order backlog as of June 30 2018 stood at \u20ac5.7bn, equivalent to 3.9-times the annual revenue reported in 2017. The bulk of the backlog is international orders, spread out over more than 50 countries. CAF says it also has more than \u20ac1bn worth of projects pending signature or in which CAF is preferred bidder.\r\nNet turnover for the first half of 2018 was \u20ac943m, up 25%. Of this, 71% was vehicles, 19% servicing, 5% wheelsets and components, and 5% other business.\r\nEbitda for the period was \u20ac87m, up 1%, profit before tax was \u20ac36m, up 46%, and income tax was \u20ac19m, up 107%. CAF says the increase in income tax was due to a new regional corporate income tax (CIT) law approved where it has its tax office headquarters. Gross financial debt increased by \u20ac42m in the first half of the year, improving CAF\u2019s liquidity.\r\nCAF maintained its favourable outlook, including a double-digit turnover growth for 2018, an upward trend in profit in the coming financial years, an ambition to maintain current historic backlog based on stable value of open tenders above \u20ac6bn, and a continuation of its 2020 strategic lines, including a plan for growth in all businesses.