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Talgo TLGO.MC · EUR

Industrials · BME · 🇪🇸 Spain

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2.13

-0.47%

Close of 9 Nov 2026, in EUR

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About Talgo

Its shares trade on BME under the ticker TLGO.MC. It has been listed since 7 May 2015. In the fiscal year to 31 December 2025, it reported revenue of €618.2m and a net loss of €98.2m. At that date it held total assets of €1.51bn and shareholders' equity of €223.3m.

Talgo SA engages in the designing and manufacturing of rolling stock and provision of maintenance services to worldwide rail operators. The company is headquartered in Las Rozas De Madrid, Madrid. The company went IPO on 2015-05-07. The firm's activities are divided into three business segments: Rolling stock, Auxiliary machines and Others, as well as General. The Rolling stock division is responsible for the train production, as well as for the maintenance of trains that use the Company's technology. The Auxiliary machines and Others segment provides manufacture and technical service of lathes, as well as sale of related spare parts. The General area includes corporate operations. The firm's product range comprises high speed rolling stock, intercity trains and locomotives, among others. The company offers products and services worldwide to a number of railway operators, such as Amtrak, Metrovias, Russian Railways, Metro Beijing, Fertagus, Chiltern Railways, Jernhusen AB and Bochum Trams. The firm operates manufacturing plants in Spain and Kazakhstan.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Industrials
Industry
Machinery
Listed since
7 May 2015
Employees
2,668
Website
talgo.com ↗

Leadership

Pay as last reported

  • Mr. Carlos De Palacio Y OriolExecutive Chairman of the Board, since 2002€525,000
  • Mr. Gonzalo Pedro Urquijo Fernandez De AraozChief Executive Officer, Executive Director, since 2021
  • Mr. Alvaro Segura EchanizChief Financial Officer
  • Mr. Fernando Aznar AlonsoCEO of Talgo Inc., Director - Commercial Services
  • Ms. Elena Moral GrandeChief Operating Officer
  • Ms. Yolanda Juanas GarridoChief Human Resources Officer
  • Mr. Rafael Jose Sterling EchevarrietaDirector - Business Development
  • Ms. Maria Jose Zueco PenaSecretary of the Board, Independent Director, since 2015
  • Mr. Mario Alejandro Alvarez GarciaNon-Member Assistant Secretary of the Board, since 2023
  • Mr. Antonio Oporto del OlmoExternal Independent Director€120,000
  • Ms. Marisa Poncela GarciaExternal Independent Director€110,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
71
Environment
67
Social
99
Governance
47
Direct emissions (scope 1)
1,362 t
Energy emissions (scope 2)
629 t
Value chain emissions (scope 3)
43,811.75 t
Women in the workforce
13.28025%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Talgo SA, a leading global provider of high-speed trains and rolling stock maintenance services, possesses several key strengths that contribute to its competitive advantage in the market. Firstly, the company excels in the development and manufacturing of lightweight trains, which offer fuel efficiency and reduced environmental impact compared to traditional trains. This expertise in lightweight design allows Talgo to deliver cost-effective and sustainable transportation solutions.
  • Secondly, Talgo has a strong track record of technological innovation, constantly pushing the boundaries of train technology. This continuous focus on research and development enables the company to offer cutting-edge features, such as energy recovery systems, advanced safety measures, and improved passenger comfort. These technological advancements enhance the overall appeal and competitiveness of Talgo's products.
  • Additionally, Talgo's extensive experience in the maintenance and repair of rolling stock is a significant strength. The company has established a solid reputation for providing high-quality maintenance services, ensuring the reliability and longevity of its trains. This expertise in after-sales support enhances customer satisfaction and fosters long-term relationships with clients.
  • Furthermore, Talgo's global presence and diverse customer base contribute to its strength. The company operates in various countries and serves a wide range of clients, including national railway operators, private companies, and public entities. This geographical and customer diversification mitigates the risk of dependency on a single market or client, providing stability and growth opportunities.

Weaknesses

  • Despite its numerous strengths, Talgo also faces certain weaknesses that could hinder its growth prospects. One notable weakness is the company's relatively smaller size compared to some of its competitors. This may limit Talgo's resources and ability to invest in large-scale projects or undertake extensive marketing campaigns.
  • Additionally, Talgo's dependency on a few key suppliers for critical components poses a potential risk to its supply chain. Any disruption or issues with these suppliers could result in production delays or increased costs, negatively affecting Talgo's operations and delivery schedules.
  • Moreover, the high upfront costs associated with train manufacturing and infrastructure development can act as a barrier to entry for potential customers. This might limit Talgo's market reach and potential customer base, especially in regions with limited financial resources or uncertain political and economic environments.

Opportunities

  • Talgo SA operates in an industry with several promising opportunities that it can leverage to its advantage. Firstly, the global trend towards sustainable and environmentally friendly transportation solutions presents an opportunity for Talgo to further promote its lightweight trains, which offer energy efficiency and reduced emissions. By aligning its products with this growing demand for sustainable mobility, Talgo can tap into new market segments and cater to environmentally conscious customers.
  • Secondly, the increasing investment in railway infrastructure, particularly in emerging economies, creates a favorable business environment for Talgo. As governments and private entities seek to enhance their rail networks, the demand for new trains and rolling stock maintenance services is expected to rise. By expanding its presence in these emerging markets, Talgo can capitalize on this opportunity and establish itself as a key player.
  • Furthermore, Talgo can explore partnerships and collaborations with other industry players to enhance its technological capabilities and market reach. Strategic alliances with leading technology firms or railway operators can enable Talgo to stay at the forefront of innovation, drive joint research projects, and access new markets more effectively.

Threats

  • Despite its strengths and opportunities, Talgo also faces certain threats that could pose challenges to its business. One major threat is the intense competition within the global railway industry. Numerous established players and new entrants offer similar products and services, increasing price competition and potentially affecting Talgo's market share and profitability.
  • Additionally, economic fluctuations and geopolitical uncertainties in different regions can impact infrastructure investment decisions, potentially leading to delays or cancellations of projects that could have benefited Talgo. Such unpredictability in demand and project timelines can affect revenue streams and overall business performance.
  • Moreover, stringent regulatory requirements and compliance standards in the railway industry can pose challenges for Talgo. Adapting to evolving safety and environmental regulations, certification processes, and international trade agreements requires significant financial resources and expertise.
  • Lastly, changing customer preferences and evolving technologies could render Talgo's existing products less attractive or outdated. To mitigate this threat, the company needs to continuously invest in research and development, adapt its offerings to meet evolving market demands, and stay ahead of technological advancements.

Sources and methodology

Data on this tab
Our data supplier
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