CAF Rail Q3 Report 2022

 

CAF Q3 Comparison 2022	3Q2021	3Q2022
Revenue	2,033	2,190
EBITDA	175	157
% EBITDA Margin	8.6%	7.2%
D&A and impairments	(65)	(60)
EBIT	110	97
Financial result	(24)	(42)

The following key factors conditioned the performance of the Net Profit from January-September 22:

• + Increase in activity
• + Positive effect on revenue and EBITDA from the evolution of exchange rates
• -Inflation effect:
  • -Power invoice increase (+c.300% vs 9M21)
  • -Increased wages and materials costs
• Component supply crisis, which continues to have a significant effect on the execution of Solaris’ backlog
• The effect of Covid-19 on rail traffic in the first half of the year