MADRID (Reuters) – The Spanish train manufacturer Talgo said Friday its net profit more than doubled in the first quarter to 18.2 million euros thanks to a strong increase in its turnover.
In a statement to the CNMV, the group said sales rose 73 percent to 150 million euros, supported by the implementation of its portfolio and higher revenues from maintenance services.
the train manufacturer, which went public last year to 9.25 euros May, said that for the next 18-24 months has identified possible contests by a set of 4,700 million euros.
the group reiterated its estimate to run more than 30 percent of its portfolio in 2015-2016.
the gross operating profit (EBITDA) rose 87 percent to 30 million in the first quarter
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