- Although Stadler Rail won more orders than ever last year, the profit was disheveled by the strength of the franc.
- The bottom line is that net profit fell by 44 percent to CHF 75.1 million.
- The strength of the Swiss franc and financial losses dragged down the net result, as the company from eastern Switzerland announced on Wednesday.
In addition, supply chain problems caused problems for the group of patron Peter Spuhler. Because of the war in Ukraine and the sanctions, the Stadler plant in Belarus, for example, is practically at a standstill.
In addition, inflation and the strength of the Swiss franc are having a massive impact on earnings. The problem: order books are well filled, but at prices that are 70 percent fixed – at the same time, production costs are rising. That squeezes the profit margin.
Legend:
Stadler Rail’s new Giruno high-speed train is being prepared for the roll-out celebrations on Thursday, May 18, 2017 in Bussnang.
KEYSTONE/Gian Ehrenzeller
Operating profit fell 8 percent to 205.1 million Swiss francs and the margin to 5.5 percent from 6.2 percent in the previous year. Without the negative currency effects, Stadler would have achieved an operating profit margin of around 7 percent.
SRF 4 News, March 15, 2023, 7:30 a.m.; awp/flal;brut
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