Talgo posts net loss of 108 million euros due to Renfe penalty
28/02/2025 19:07
Feb 28 (Reuters) - Spanish train maker Talgo TLGO.MC posted a full-year net loss of 107.9 million euros on Friday, dampened by a 116 million euro penalty imposed by state-owned railway company Renfe following delivery delays. The firm had reported a net profit of 12.2 million euros a year earlier Basque steel maker Sidenor earlier this month agreed to buy 29.7% of Talgo, bringing an end to months of rival bids for a stake in the company. (Reporting by Ana Cantero in Madrid and Mireia Merino and Marta Serafinko in Gdansk; Editing by Kirsten Donovan) ((ana.cantero@thomsonreuters.com; +34 918 35 67 06;))