Stadler has announced a strong operational performance in the face of a challenging global environment. Despite headwinds, including currency fluctuations, the company showcased its resilience and innovation through several key achievements. The company's first-half order intake stood at CHF 4.7 billion, albeit lower than the previous year's figure of CHF 6.0 billion. A record-high order backlog of CHF 25.4 billion was reached by June 30, 2023, indicating continued growth.
Despite the impact of the euro exchange rate and global challenges, Stadler's gross margin improved to 12.1% from 9.8% in the same period last year, attributed to enhanced order execution and a favorable product mix. The operating EBIT margin for H1 2023 reached 3.7%, increasing from the previous year's 3.1%. Notably, net profit surged to CHF 25.8 million compared to CHF 2.4 million in H1 2022.
Furthermore, the company reported significant progress in cash flow, with free cash flow reaching CHF 303.4 million, and net cash improving to CHF -57.8 million as of June 30, 2023, from CHF -230.8 million at the end of 2022.
Stadler's segments also showed good results. In the "Rolling Stock" segment, order intake amounted to CHF 3.6 billion, while the "Service & Components" segment recorded CHF 1.1 billion. The "Signalling" segment registered an order intake of CHF 37.0 million. Major orders were secured across various segments, highlighting the company's robust position in the rail industry.
Stadler's products have driven strong order intake, securing major contracts globally. Notable orders include a long-term contract with Kazakhstan Railways for the delivery and maintenance of sleeper and couchette cars, as well as contracts with rail operators in Norway and Lithuania.
