Press releases

2016/02/25

FULL YEAR 2015 RESULTS

CAF’s Backlog at year end totalled €4,869.1 million. Exports account for approximately 80% of the Backlog.

Backlog does not include new contracts signed this year in the United Kingdom and Canberra which today would add to a total backlog in excess of €5,500 million.

CONSOLIDATED GROUP PERFORMANCE.

Sales as of 31 December 2015 were €1,283.6 million compared to €1,447.1 million in 2014 with a decline mainly driven by moderate progress in some projects, and the impact of the Brazilian Real devaluation.

At December 2015 the EBITDA Margin stood at €166 million, 13% ahead of year 2014.

The Company’s Profit before Corporate Tax hit €60.4 million at 31 December 2015 against € 80.5 million reported in 2014.

This amount includes a significant year-on-year expenditure increase primarily owing to exchange variations from the Brazilian Real devaluation, and higher financing costs of the Brazilian affiliates.

The Net Year Profit after Corporate Tax at 31 December 2015 was reported at € 42.6 million.

CAF's projects in progress include the following highlights: the supply of suburban units for 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  Cincinnati, Kansas, Boston, Fribourg, Cagliari, Budapest, Saint Etienne, Utrecht and Luxenbourg; and Metro Units for Bucharest, Medellín, Santiago de Chile, Istanbul and Helsinki.

In addition to these projects, the Company has been awarded new contracts in this start of the year, such as the above mentioned supply of Units to the Arriva operator in the United Kingdom, as well as trams for Canberra in Australia.