Rail manufacturer CAF closed the first nine months of 2025 with a net attributable profit of 100 million euros, marking a 66 per cent increase compared with the same period last year.
Consolidated sales reached 3.165 billion euros, up 8 per cent year‑on‑year, driven both by the rail business and by rising deliveries of Solaris buses, particularly zero‑emission models.
The company’s order backlog stands at a record 15.579 billion euros, 6 per cent higher than at the end of 2024. Between January and September, CAF booked 4.049 billion euros in new contracts, notably train orders in France and major agreements for electric buses in Sweden and Poland.
Operating profit (EBIT) rose 18 per cent to 161 million euros, lifting the operating margin to 5.1 per cent. CAF expects to meet its full‑year targets, supported by strong positions in core European markets and improved sustainability ratings from independent agencies.