CAF is currently supplying a fleet of EMUs to São Paulo's commuter rail operator CPTM, while exports account for 81.5% of turnover. The exchange rate problems caused turnover for the third quarter to fall by 11.5% to €935.4m. Although CAF's third-quarter Ebitda margin increased by 10.4% to €137.9m, pre-tax profit for the year to date dropped by 19.2% to €51.4m and net profit fell by 26.7% to €36.8m.

CAF's train order backlog on September 30 stood at just over €5bn, which is 8.6% more than a year ago.