CAF

In Europe 23rd December 2024

CAF to supply 22 trains to French operator SNCF Voyageurs for over €400 million

Link Securities | French operator SNCF Voyageurs has once again entrusted CAF (CAF) with the supply of 22 Intercités trains, known as Oxygène, which will serve the Bordeaux-Marseille line, in addition to the 28 trains contracted in 2019 for the Paris-Limoges-Toulouse and Paris-Clermont-Ferrand lines. The initial contract for Oxygène trains provided for the option to extend the supply by up to 75 additional trains. The new agreement signed for 22…

In the World 11th December 2024

CAF wins two new contracts in Latin America -Colombia and Chile- worth more than €200 million

Intermoney | The company (Buy, PO €42) strengthens its presence in Latin America with two new contracts in Colombia and Chile, which together amount to more than €200m. In the case of Colombia, it is a contract with the Medellín metro operator for the design and manufacture of 13 trains for its metropolitan network, as well as their final assembly and testing in the metro network; between 2008 and 2018…

In Spain 4th December 2024

CAF awarded second batch of trains for Metro de Madrid for more than €400 million

Bankinter | CAF (CAF) announced on Monday the award of the second batch of trains, some 40 narrow gauge trains, for Metro de Madrid, which will cost more than €400 million. The first batch was also awarded to CAF in June 2024. Opinion of Bankinter’s analysis team: Good news after a weaker than expected third quarter. This contract represents 3% of the total order book. In addition, this second batch…

Relevant News Item 22nd October 2024

CAF subsidiary Solaris to supply 96 electric buses to Transdev, and 30 to Arriva, for combined total of €90 million

Link Securities | Solaris, a subsidiary of CAF (CAF), will supply 96 electric buses to Transdev, and a further 30 to Arriva, both Dutch operators, according to Bolsamania. The combined value of the two contracts is approximately 90 million euros. For Transdev, one of the largest transport operators in the Netherlands, the order covers the delivery of 96 buses corresponding to four different vehicle models from the Urbino range, with…

European economy 13th September 2024

CAF selected to bid for renovation of fleet of trams for Transport for London, with €250 million budget

Banc Sabadell | Transport for London (TfL) has just selected the four technologists (Alstom, Hitachi, Stadler and CAF) that can bid for the renewal of a 24-unit tram fleet that will be used to replace older trains on the Tramlink service in the Borough of Croydon, according to Expansión newspaper. The budget for the order could amount to €250 million. Assessment: positive news in the event of being awarded the…

World economy 4th July 2024

CAF wins €50-million contract to supply trams to Omaha Streetcar Authority

Link Securities | Omaha Streetcar Authority, the inter-local agency created between the city of Omaha (Nebraska, United States) and Omaha Metro for the development of the city’s new tramway network project, has chosen Construcción y Auxiliar de Ferrocarriles (CAF) as the company to supply the units that will serve the aforementioned line, according to the digital portal Bolsamania.com. CAF will initially supply six trams with their corresponding parts and special…

European economy 25th June 2024

CAF to supply 88 buses to Swedish transport operator Nobina for €50 million

Intermoney: According to various media reports, Nobina, one of Sweden’s leading transport operators, has awarded CAF (Buy P.O. €42) the supply of 88 electric buses of various Urbino intercity and city models for the regions of Skåne, Värmland, and the city of Malmö. The total amount of this order will exceed €50 million. CAF continues to consolidate its position in Sweden, following several contracts won last year, including the supply…

Spanish economy 19th June 2024

CAF to supply Metro Madrid 40 trains for €400 million

Intermoney | CAF (Buy P.O. €42) informed the National Securities Market Commission (CNMV) on Monday that it had reached an agreement with Metro Madrid, for the supply of the first of the two lots that make up the operator’s investment in the renewal and expansion of its fleet. The contract consists of 40 single-voltage gauge trains for lines 6 and 8 of the network and is worth around €400 million….

Spanish economy 29th May 2024

CAF’s bid, only one in final phase of Metro de Madrid’s €412m contract to renew Line 1

Renta 4 | According to press reports, CAF is the only company to have reached the final phase of the contract for the supply of 40 trains for the renovation of line 1 of Metro de Madrid for a total of around €412 million. The contract includes technical assistance for a period of 10 years. Valuation: Positive news given the amount of the contract which represents around 3.0% of CAF’s…

European economy 9th May 2024

CAF wins Oslo metro contract to supply 20 trains for €150m

Renta 4 | CAF has informed the National Securities Market Commission (CNMV) that it has been awarded a contract with Oslo Metro for the supply of 20 trains and related fleet parts for more than €150 million. The contract includes an option to extend the contract by 90 additional units. Assessment: Positive news, but no impact on share price given the amount of the contract which represents around 1% of…

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