Sunday, June 30, 2024 Talgo reported strong performance for fiscal year 2023 during its Annual General Meeting at headquarters in Las Rozas, Madrid. The company outlined two key priorities going forward, enhancing its industrial capacity and optimizing financial efficiency. Highlights from the year include a record revenue of €652 million, marking a 39% increase from 2022.
Talgo’s EBITDA also rose significantly by 55% to €76.5 million. The company closed the year with a robust order book of €4,223 million, up 54% from the previous year and a historical high for Talgo.
Securing €2,100 million in new orders, including contracts from esteemed clients like Deutsche Bahn in Germany and DSB in Denmark, underscores Talgo’s commitment to sustainable growth. Additionally, Talgo successfully executed a shareholder remuneration programme in 2023, distributing €12 million through a flexible dividend and a new share buy-back initiative. Talgo president Carlos Palacio said: “In the coming years, the majority of our revenues will come from international projects.
More specifically, the main sources of new commercial opportunities will be in the countries of the European area, but also in the countries of the Middle East and North Africa. We continue to work on potential opportunities, focusing on both the high-speed and long-distance segments, where our experience is greater”. Talgo CEO Gonzalo Urquijo said: “The execution of manufacturing projects continued in 2023 with.
