Talgo falls after reporting first half negative core profit

Talgo SA

01/10/2025 08:35

** Shares of Talgo TLGO.MC fall 3.6% after the company's first half core profit stood at negative 16.5 million euros  ($19.39 million)

** The negative performance was impacted by the renegotiation of the DB contract and the closure of the LACMTA project, the company said

** Sabadell analyst says the impact of the results could be negative for the shares due to the deterioration in the income statement and the increase in debt, despite the poor share performance in the year

** The broker also points to the capital strengthening and refinancing operation of Talgo taking a long time and still pending officialization

** Shares on track for their worst day since July

** Up to the previous session's close, shares were down 18.3%​ YTD

($1 = 0.8508 euros)

 (Reporting by Joao Manuel Mauricio)