According to the Beasain-based company, its workforce has fallen by 42% to 444 million, although the “outlook is favourable”. So it maintains its forecasts for 2024 and revenue growth of around 10%.
The CAF Group, a company based in Beasain (Gipuzkoa), has achieved a net profit of 23 million euros in the first quarter of 2024, which represents an increase of 16% compared to the same period of the previous year, while the figure has decreased by down 42% to 444 million, although the “the prospects are favorable”.
As reported by the company Guipuzcoan, the gross result has been achieved 37 million, 15% more than in the first quarter of 2023.
The net turnover amounted to EUR 1,008 million, 6% more than in the first three months of the previous year, when it amounted to approximately EUR 952 million.
In spite of the “limited recruitment” From the first quarter, the outlook for the remainder of the year is favorable, ensuring that the group maintains its growth, profitability, cash and sustainability outlook for 2024.
It is also pointed out that in addition there is a “large number of projects in advanced award phases and with a high probability of completion in the short term”.
The order book reached 13,636 million euros –12.241 million from the railway sector and 1.395 million from the bus sector-, which represents a decrease of 4% compared to the first quarter of 2023, although still at a “high level”, CAF highlights.
In this context, CAF maintains its forecasts for 2024, during which it hopes to improve profitability and grow in the future. about 10% for sale.
Source: EITB
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