Stadler Rail: considering flotation on Zurich Stock Exchange
(CercleFinance.com) - The Swiss railway equipment supplier Stadler Rail intends to float on the Zurich Stock Exchange in the next months, it says, depending on market conditions.
The potential deal will entail the sale of existing shares (therefore, no fundraising) which are held by the majority shareholder and executive chairman Peter Spuhler, who after the operation will remain in office and will still be the largest shareholder. In particular, the IPO is intended to reinforce the group's "visibility".
In 2018, Stadler Rail's sales reached 2 billion Swiss francs (-17.5%) and its operating margin was 7.5%, for a backlog of 13.2 billion Swiss francs (+19.3%). The group aims to report sales of about 4 billion Swiss francs in 2020.
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