Press releases

2015/10/28

THIRD QUARTER 2015 RESULTS

CONSOLIDATED GROUP PERFORMANCE

The Net Turnover as of 30 September 2015 is €935.4M, i.e. €121.6M (11.5%) less than in September 2014, a drop resulting from the devaluation of the Brazilian Real relative to the Euro and less industrial activity.

Notably, the exports share of the total turnover reached 81.5%.

The EBITDA Margin as of 30 September 2015 is €137.9M against €124.9M for the same period in 2014, a 10.4% increase.

The Pre-Corporate Tax Year Profit, as of 30 September 2015, amounts to €51.4M, with 19.2% drop compared to the same period in 2014. This figure includes higher expenses of €18.8M compared to the nine month period of the year before as a result of exchange differences, essentially due to the devaluation of the Brazilian Real against the Euro.

The Year Net Profit After-Corporate Tax, as of 30 September 2015, amounts to €36.8M, 26.7% less compared to the same period in 2014.

The profit attributable to the Parent Company, as of 30 September 2015, stands at €35.8M, i.e. a drop of 25.4% from the profit for the same period in 2014.

CAF is currently developing a large number of projects with the following highlights: the supply of suburban units for Trieste and Bari (Italy), São Paulo (Brazil) and Euskotren, trains for Amtrak in the United States of America, as well as for Holland, Italy, Mexico, Norway and Saudi Arabia, passenger cars for Scotland, LRVs for the cities of  Houston, Cincinnati, Kansas, Boston, Fribourg, Tallinn, Budapest, Saint Etienne, Utrecht and Luxenbourg, and Metro Units for Bucharest, Medellín, Santiago de Chile, Istanbul and Helsinki.