CAF achieves a profit of 55 million in 2022, 38% less than in 2021

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The company attributes the drop in earnings to inflation and a shortage of parts. It indicates that inflation has led to increases in wages and commodity costs, in addition to a “very significant increase in energy costs”, amounting to 250% from 2021.

Euskaraz irakurri: CAFek 55 milioi euroko etekina lortu kiss 2022an, aurreko ekitaldian baino % 38 gutxiago

The Gipuzkoan group CAF achieved a net profit of 55 million euros in 2022, which represents a decrease of 38% compared to the previous year’s result, which the company attributes to inflation and a shortage of components.

The company published its annual results on Friday, including a “relevant” revenue growthimmediately “historic level of hiring”which has not prevented the economic context, especially inflation, from undermining its benefits.

CAF indicates in the document sent to the CNMV that inflation has meant wage increases and of the cost of raw materialsin addition to a “very significant increase in the price of the energy costs“, which is 250% compared to 2021.

sale in the railway industry are up 11% to 2469 million, while in the coaches they are down 3% to 696 million, as a result of supply chain issues “have made it impossible to deliver the number of buses initially planned”.

The order book has increased by 37% to a record amount of EUR 13,250 million, of which 12,301 correspond to the rail business (39% more) and 949 to the bus business (21% more).

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Source: EITB

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