Bankinter | SNCB, Belgium’s national railway company, has awarded CAF the contract to renew its fleet. It is a framework agreement, with an initial scope of 180 trains, which would amount to €1.7 billion. The agreement provides for extensions of up to 380 additional units. Analysis team’s view: Good news for CAF, confirming the positive momentum in contracting. The initial amount represents a 10% increase on the order book at…

Bankinter | The company has been awarded a new contract to supply 22 regional trains for French operator SNCF Voyageurs, in consortium with Alstom. CAF will design and manufacture the trains at its plant in Alsace and Alstom will supply equipment Analysis team’s view: A new contract in France representing around 1.6% of the total order book and 1.9% of the railway order book. This contract confirms the positive performance…

Link Securities | The company is bidding for three major rolling stock and maintenance contracts in the United Kingdom worth around £4 billion (approximately €4.5 billion) as part of tenders being launched by several operators to renew and expand their rolling stock, according to Expansión newspaper. As CAF CEO Javier Martínez Ojinaga explained to Expansión, these tenders are expected to be put out to tender in the short term, and…

Bankinter | CAF (CAF) announced on Wednesday contracts to supply 150 electric buses worth over €110 million. This includes 55 electric buses to Transldev Nederland, 50 to Warsaw and 42 charging infrastructure units, also in Poland. Bankinter analysis team’s view: The bus division (Solaris) is standing out for its high level of orders, which brought the division’s order book at the end of Q2 2025 to €2.055 billion (2.2x 2024…

Renta 4 | CAF has announced the planned inclusion of the company in the UN database of companies for its participation in the Jerusalem light rail project. This document includes companies that participate, directly or indirectly, in some of the activities listed in the annual report of the United Nations High Commissioner for Human Rights. It should be noted that the project, awarded in 2019 through a 50-50 joint venture…