Stadler seen down after guidance cut

Stadler Rail AG

14/11/2024 07:42

** Shares in Swiss trainmaker Stadler Rail AG  SRAIL.S  are
seen down 7.9% in Julius Baer pre-market indications after it
revised its guidance, blaming flooding across Europe and delayed
deliveries to the Berlin underground
    ** Stadler now expects its EBIT margin for 2024 to be up to
two percentage points lower, having guided for a margin of over
5% previously
    ** "Part of the 2024 revenue will be shifted to 2025,
although it is not possible to say to what extent", it says
    ** Stadler also suspends its 2025 and 2026 guidance,
promising new guidance in Q1 2025
    ** "Stadler has struggled in recent years to convince of its
ability to convert its very strong multi-year order book into
cash flows", Vontobel says, adding that the suspended guidance
makes uncertainty worse

 (Reporting by Louis van Boxel-Woolf)
 ((Louis.vanBoxel-Woolf@thomsonreuters.com))