Reported Earnings • Jul 27
First half 2026 earnings released: €0.19 loss per share (vs €0.52 loss in 1H 2025) First half 2026 results: €0.19 loss per share (improved from €0.52 loss in 1H 2025). Revenue: €377.0m (up 39% from 1H 2025). Net loss: €25.8m (loss narrowed 60% from 1H 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Germany. 공고 • Jul 03
Talgo, S.A. to Report First Half, 2026 Results on Jul 21, 2026 Talgo, S.A. announced that they will report first half, 2026 results on Jul 21, 2026 Board Change • May 21
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Independent Director Antonio Oporto del Olmo is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. 공고 • May 07
Talgo, S.A. to Report Q1, 2026 Results on May 13, 2026 Talgo, S.A. announced that they will report Q1, 2026 results at 5:30 PM, Central European Standard Time on May 13, 2026 공고 • Apr 29
Talgo, S.A., Annual General Meeting, Jun 02, 2026 Talgo, S.A., Annual General Meeting, Jun 02, 2026. Location: calle postas 13-15, centro cultural arkabia, vitoria-gasteiz, alava., Spain 공고 • Feb 27
Talgo, S.A. to Report Fiscal Year 2025 Results on Feb 27, 2026 Talgo, S.A. announced that they will report fiscal year 2025 results After-Market on Feb 27, 2026 공고 • Nov 05
Talgo, S.A. to Report Q3, 2025 Results on Nov 13, 2025 Talgo, S.A. announced that they will report Q3, 2025 results at 5:30 PM, Central European Standard Time on Nov 13, 2025 공고 • Jul 26
Talgo, S.A. announced that it expects to receive €150 million in funding Talgo, S.A announced a private placement of convertible bonds for gross proceeds €150,000,000 on July 24, 2025. The transaction includes participation from State-owned Industrial Holdings Company, Ekarpen, the BBK Foundation, the Vital Foundation, and Clerbil. The transaction is subject to approval by the extraordinary shareholders' meeting 공고 • Jul 08
Talgo, S.A. to Report First Half, 2025 Results on Aug 01, 2025 Talgo, S.A. announced that they will report first half, 2025 results on Aug 01, 2025 공고 • Jul 02
Talgo, S.A., Annual General Meeting, Aug 01, 2025 Talgo, S.A., Annual General Meeting, Aug 01, 2025. Location: paseo del tren talgo 2, las matas., madrid Spain 공고 • May 07
Talgo, S.A. to Report Q1, 2025 Results on May 26, 2025 Talgo, S.A. announced that they will report Q1, 2025 results at 5:30 PM, Central European Standard Time on May 26, 2025 공고 • Jan 31
Talgo, S.A. to Report Fiscal Year 2024 Results on Feb 25, 2025 Talgo, S.A. announced that they will report fiscal year 2024 results After-Market on Feb 25, 2025 공고 • Oct 23
Talgo, S.A. to Report Q3, 2024 Results on Nov 19, 2024 Talgo, S.A. announced that they will report Q3, 2024 results at 5:30 PM, Central European Standard Time on Nov 19, 2024 공고 • Aug 30
Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag cancelled the acquisition of Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others. Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag made an offer to acquire Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others for approximately €620 million on March 6, 2024. Ganz-mavag offered to the Talgo's shareholders is €5 per share and will be totally paid in cash. As a consequence, the maximum total amount to be disbursed by the Offeror will be €619.30 million. The Offeror has binding commitment letters from its shareholders (Ganz-Mavag Holding Kft. and Corvinus Zrt.), which in turn have both bank and equity binding financing commitments, to pay the total consideration of the offer. The Board of Directors of Talgo has unanimously confirmed that the Offer is friendly and that the consideration offered is attractive for Talgo 's shareholders, expressing a preliminary favorable view on such price offered. The transaction is subject to relevant anti-trust clearances and Foreign direct investment authorizations in other countries. After completion of the relevant competition law analysis, it is confirmed that, pursuant to the provisions of article 26.1 of Royal Decree 1066/2007, the Offer is conditional upon the economic concentration that will take place as a result of the settlement of the Offer obtaining the following mandatory antitrust authorisations imposing no conditions: The European Commission, The Competition Authority of Albania, The Competition Authority of Kosovo, The Competition Authority of Montenegro, The Competition Authority of Serbia, The Egyptian Competition Authority under the Egyptian Antitrust and The General Authority for Competition in Saudi Arabia. As of April 4, 2024, Ganz-Mavag Europe Requests For Authorisation Of Voluntary Takeover Bid For Shares Of Talgo and The decision to launch the Offer is not subject to the approval by the general shareholders' meeting of the Offeror. As of June 19, 2024, Government extends the deadlines to resolve the Talgo takeover bid. As announced on July 3, 2024, the Government can extend the deadline for the approval of the operation that is due on August 10. Ganz-Mavag have the support of the Hungarian banks to finance the €600 million that the operation costs and also that of the Spanish banks to continue financing Talgo's activity. AS of July 29, 2024, Government has given itself to make a final decision on the veto of the takeover bid that the Hungarian Magyar Vagon launched for Talgo. As of August 27, 2024, The Foreign Investment Board, an agency dependent on the Ministry of Economy, has rejected the purchase. The Government has cited reasons of "national security" to reject the takeover bid. Magyar Vagon is still waiting for an official response.
Lazard acted as financial advisor to Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag and J&A Garrigues acted as legal advisors to Offeror.
Ganz-mavag Europe Zartkoruen Mukodo Reszvenytarsasag cancelled the acquisition of Talgo, S.A. (BME:TLGO) from Pegaso Transport International S.c.a. and others on August 30, 2024. The deal got cancelled as the acquisition was blocked by the Spanish government. Reported Earnings • Aug 05
First half 2024 earnings released: EPS: €0.12 (vs €0.058 in 1H 2023) First half 2024 results: EPS: €0.12 (up from €0.058 in 1H 2023). Revenue: €347.4m (up 20% from 1H 2023). Net income: €15.0m (up 112% from 1H 2023). Profit margin: 4.3% (up from 2.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Machinery industry in Germany. 공고 • Jul 09
Talgo, S.A. to Report First Half, 2024 Results on Jul 30, 2024 Talgo, S.A. announced that they will report first half, 2024 results on Jul 30, 2024 Reported Earnings • Mar 01
Full year 2023 earnings released Full year 2023 results: Revenue: €676.5m (up 44% from FY 2022). Net income: €12.2m (up €10.8m from FY 2022). Profit margin: 1.8% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Machinery industry in Germany. 공고 • Jan 30
Talgo, S.A. to Report Fiscal Year 2023 Results on Feb 28, 2024 Talgo, S.A. announced that they will report fiscal year 2023 results at 5:30 PM, Central European Standard Time on Feb 28, 2024 Board Change • Nov 24
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Director Marisa Luisa Garcia was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.