Profit down at CAF
CAF: Spanish rolling stock manufacturer CAF has announced net turnover of €1·45bn for the 2014 calendar year, down from €1·54bn in 2013. Exports accounted for 82% of turnover in 2014, down slightly on 83% the previous year.
EBITDA for 2014 was €146m, down from €223m in 2013, with profit after tax of €62m compared to €91m the previous year.
The company’s order backlog on December 31 2014 stood at €5·25bn, up from €4·80bn on the same date the in 2013, with approximately 78% of this total relating to international projects.