Newag rises as Q2 profit beats forecasts on strong margins
21/09/2026 08:51
BUZZ-Newag rises as Q2 profit beats forecasts on strong margins ** Shares of Polish train manufacturer Newag NWGP.WA are up 10.1%, pare gains after rising as much as 12.1%, after the company posted better-than-expected Q2 results
** The company reported Q2 net profit of 147.6 million zlotys ($38.85 million) late on Friday
** Trigon DM analyst Lukasz Rudnik points to a significant quarter-on-quarter margin improvement driven by revenue recognition from older, more profitable locomotive sales contracts
** Shares on track for best day since May 2025, if gains hold
** Up to the previous session's close, shares were up 5% YTD
($1 = 3.7993 zlotys)
(Reporting by Alicja Surdy)
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