Renta 4 | CAF has been awarded a contract for the comprehensive maintenance of 107 electric trains for the São Paulo rail network.
The contract is worth around €500 million and has a duration of 24 years, starting from the beginning of commercial operation, scheduled for July 2026.
Assessment: Positive news from a strategic point of view as it strengthens the company’s leading position in rolling stock maintenance in Brazil.
Positive news from a financial point of view given the size of the contract, although with a greater impact on margins as it is a maintenance contract than on revenues, which are spread over the life of the contract.
Recommendation: OVERWEIGHT (€57.1/share)
