Talgo rises after train delivery deal in Saudi Arabia

Talgo SA

09/02/2026 08:45

** Shares in Talgo rise about 4% after the company announced on Sunday a contract to provide and maintain 20 new high speed trains to Saudi Arabia

** The deal adds 1.33 billion euros to Talgo's order backlog, bringing it to a total of nearly 6 billion euros, considered a record, the company said in a statement

** Banco Sabadell Analisis sees the contract as positive news as it allows the order book to increase by 27.6%

** Talgo shares outperform the STOXX index, which rises 0.5%

 (Reporting by Gemma Guasch)

 ((Gemma.guasch@thomsonreuters.com; +48 58 746 90 08))