Financial Archives - Page 248 of 388 - International Railway Journal

Financial

August 1, 2019 | Financial

Bombardier to invest in rail division capacity after second quarter loss

BOMBARDIER announced on August 1 that it will spend an additional $US 250-300m in the second half of this year increasing capacity in its rail division after delivery delays contributed to a $US 36m net loss in the second quarter.

July 31, 2019 | Financial

CAF reports 33% increase in first-half earnings

CAF, Spain, reports a 33% increase in adjusted Ebitda to €116m for the first half of 2019 compared with €87m in the first half of 2018 with an Ebitda margin of 9.2%. This increase is attributable mostly to growth and to the contribution of Solaris which CAF acquired in 2018.

July 31, 2019 | Africa

Talgo and AOI sign Egyptian rolling stock agreement

TALGO has signed a framework agreement with the Arab Organization for Industrialization (AOI) to cooperate on rolling stock projects in the Egyptian market.

July 31, 2019 | Policy

No-deal Brexit could force temporary suspension of Eurostar services

FRENCH National Railways (SNCF) warns in its first-half results for 2019 that it could be forced to temporarily suspend Eurostar services linking London, Paris, Brussels and Amsterdam if the British government decides to leave the European Union (EU) on October 31 without a deal as the new British prime minister Mr Boris Johnson has threatened.

July 29, 2019 | Financial

Greenbrier completes ARI manufacturing business acquisition

GREENBRIER completed its acquisition of the manufacturing business of American Railcar Industries (ARI) from ITE Management on July 26, largely along the terms of the $US 430m agreement announced in April.

July 25, 2019 | Financial

DB first half punctuality ahead of target but profits down

PUNCTUALITY on German Rail (DB) long-distance services improved in the first six months of 2019, but Ebit fell significantly, according to the group’s first half results, which were announced by CEO Dr Richard Lutz on July 25

July 25, 2019 | Financial

Talgo first-half profit up 40%

SPANISH manufacturer Talgo has announced a profit of €14m for the first six months of 2019, a 40% increase compared with the same period last year.

July 25, 2019 | Financial

Italy approves €28bn infrastructure investment hike

ITALY’s Inter-ministerial Committee for Economic Programme (Cipe) approved €28bn in additional funding for infrastructure investment by Italian State Railways (FS) on July 24.

July 24, 2019 | Financial

FlixMobility secures funding for expansion

FLIXMOBILITY, the parent company of budget bus operator FlixBus and open-access rail operator FlixTrain, has continued its rise from start-up to international mobility provider with the completion of its Series F funding co-led by private equity houses TCV and Permira.

July 23, 2019 | Financial

SNC Lavalin exits turnkey project market

CANADIAN engineering company SNC-Lavalin Group announced on July 22 that it is exiting lump-sum turnkey contracting and will reorganise its Resources (Oil & Gas and Mining & Metallurgy) and Infrastructure Construction segments into a separate business line following their continued poor performance.

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