CAF surges on H1 beat driven by Polish bus unit

Construcciones y Auxiliar de Ferrocarriles

31/07/2026 08:43

** Shares of Spanish railway and bus manufacturer CAF CAF.MC surge over 10% after posting strong first-half results on Thursday
**  Spectacular results, far exceeding expectations, Broker Renta 4 says
** Renta 4 notes the outstanding performance of CAF's Polish bus division Solaris with its H1 EBIT of €60 million ($69 million) that widely beat estimates
** It adds that Solaris achieved record quarterly deliveries and a margin growing to 7.3% due to a highly favourable product mix
** Renta 4 also highlights positive surprises in the company's net debt reduction which fell to €176 million on the back of solid cash generation
** Share on track for its best day since November 2018
     
     
($1 = 0.8684 euros)

(Reporting by Marta Serafinko in Gdansk)
((marta.serafinko@thomsonreuters.com))