CAF

CAF

CAF to supply 40 trams to Italian operator ATAC for Rome’s fleet in deal worth over €130m

Link Securities| According to a Significant Event sent to the National Securities Market Commission (CNMV), the operator ATAC S.p.A. has awarded CAF the framework agreement for the supply of the new fleet of trams for the Italian capital. Specifically, the contract covers the design and manufacture of 40 trams, their maintenance for a period of five years and the corresponding spare parts. The agreement also includes the possibility of increasing…


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CAF, via Solaris, to deliver electric buses in Madrid and Berlin under contracts worth over €70m

CdM| Solaris (CAF) has been awarded contracts to supply electric buses to Berlin and Madrid. In both cases, these are agreements for the delivery of 50 electric buses, the combined volume of the contracts exceeding €70 million. In the case of the agreement for Berlin, it is particularly relevant as it is a framework contract, the number of units of which could be up to 700 buses. Berliner Verkehrsbetriebe (BVG),…


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CAF wins contracts in Italy worth €120 million

Intermoney| CAF informed the CNMV on Thursday that it has been chosen by the Italian operator ATM Milano for the supply of 105 electric buses. These are 18-metre Urbino articulated buses, which will be delivered in the first half of 2025. This contract is in addition to the one signed with the Sicilian company AMTS Catania for the delivery of another 42 electric buses. Specifically, the agreement covers the supply…


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CAF consolidates alliance with Mitsubishi with award of new €150M contract in Philippines for North-South commuter line

Intermoney: The company informed the CNMV (National Securities Market Commission) on Friday that it has been chosen by Mitsubishi as subcontractor for the design and supply of seven electrical units in the Philippines. Specifically, the units are for the new North-South commuter rail line that will connect Clark International Airport, northeast of Manila, with the province of Laguna in the south of the island of Luzon. The project is expected…


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CAF wins €150-million contract with Mitsubishi in Philippines to build 56 commuter trains for Manila

According to press reports, the Philippine Transport Authority has selected the alliance of CAF and Mitsubishi for the supply of 56 commuter trains for Manila for an amount of €150 M (1.2% of the current portfolio). The contract is still pending signature. Assessment: Positive news, although its impact is limited due to its insignificant size for the Company as a whole and because it is still pending signature.


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CAF’s two projects in Israel account for 7% of portfolio, current situation to have limited impact

Banc Sabadell : In the context of the new scenario of armed conflict in Israel, it should be noted that CAF (CAF) has two projects underway in the country. These are the Jerusalem light rail project and the Purple Line project of the Tel Aviv light rail, which together account for ~7% of the company’s portfolio. Assessment: News with a negative bias although with limited impact for now as the…


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CAF pre-qualifies for €3.5 billion tender in Denmark

Link Securities| Construcciones y Auxiliar de Ferrocarriles (CAF) has been shortlisted alongside Alstom, Siemens and Stadler to win a €3.5 billion tender in Denmark for the delivery of 226 automatic trains for the Copenhagen suburban railway network. DSB, the Danish railway operator, said in a statement that the competitive process will now go ahead, with the aim that the contract will be awarded in H1 2025 and the new trains…


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CAF subsidiary Solaris to develop 220 hydrogen buses for €150 M for Bologna, Venice and Cologne

Renta 4| CAF has been awarded three contracts, two in Italy and one in Germany, for more than €150 million. Bologna has awarded Solaris the supply of 127 12-meter hydrogen buses. The contract provides for an extension for an additional 140 vehicles (34 units will be delivered in 2024 and the rest between 2025 and 2026). Venice has awarded Solaris the supply of 90 hydrogen buses (75 units of 12…


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CAF signs contract to supply 81 zero emission buses in Germany and Denmark for €50M

Intermoney| CAF (CAF) informed the CNMV on Friday that it has signed agreements with the German city of Duisburg and the Danish city of Aarhus to supply a total of 81 Solaris zero emission buses over the coming months, with a combined volume of approximately €50 million. The city of Duisburg has chosen Solaris to supply 25 Urbino hydrogen buses, 11 of the 12-metre version and 14 18-metre articulated vehicles,…


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CAF to supply electric buses to Cagliari, metro units to Naples and trams to Palermo for more than €150m

Link Securities | CAF informed the CNMV on Thursday that three Italian cities, Cagliari, Naples and Palermo have placed their trust in CAF to make decisive progress in their transformation towards sustainable urban mobility. The CAF Group will supply electric buses to Cagliari in Sardinia, metro units to Naples and trams to Palermo, the capital of Sicily. According to the company, these contracts confirm CAF’s strong value proposition as a…