Talgo declares losses of 108 million for the provision of Renfe’s fine

economiadigital.es

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The train manufacturing company, Talgo, has reported a considerable financial loss in 2024, adding challenges to its economic performance despite achieving unprecedented revenues. Renfe’s sanction impacts Talgo Talgo’s finances faced a net loss of €107.9 million this past year, a sharp contrast to the profit of €12.2 million in 2023. This loss was largely due to a penalty of €116 million imposed by Renfe, due to the late delivery of a train orde…

berria.eus

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Talgo closed last year in the red. As a result of the fine to be paid to Renfe, the train manufacturer ended up with more losses than profits: it lost 107 million euros in 2024. Two years ago, it was fined 116 million euros for not delivering the 30 high-speed trains it had ordered late. This has ruined what could have been a good year for its financial accounts, as the company had achieved its highest ever revenue: 669 million euros, 2.5% more …

El Independiente

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Talgo recorded losses of €107.9 million in 2024, compared to the profit of €12.2 million in the previous year, after providing the penalty of €116 million that Renfe has imposed on him for delivering a train order with more than two years. Without having this impact, the profit would be €8.8 million, also 28% below 2023, according to his latest results accounts, forwarded to the National Securities Market Commission (CNMV) at the close of the ma…

deia.eus

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Talgo recorded losses of €107.9 million in 2024, compared to the profit of €12.2 million in the previous year, after providing the penalty of €116 million that Renfe has imposed on him for delivering a train order with more than two years.

Forbes España

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MADRID, 28 (EUROPA PRESS) Talgo recorded losses of €107.9 million in 2024, compared to the profit of €12.2 million the previous year, after providing the penalty of 116 million that Renfe has imposed on him for delivering a train order with more than two years. Without having this impact, [...] The Talgo ticket loses 108 million in 2024 after providing the sanction of Renfe, but reaches record revenues appears first in Forbes Spain.

bolsamania.com

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The company explains that, without these penalties, the total benefit of the course would have amounted to 8,8 million euros, a figure that would remain below the 12,2 million that the train manufacturer won in 2023. In July 2022, Renfe informed Talgo of the beginning of the Penalizations Record. Throughout 2022 and 2023, communications were maintained in which Talgo "presented several reports expressing his disagreement with the penalties, clai…