Stadler Rail has announced an increase in both profitability and sales within the 2025 financial year.
With a 13% rise in sales, the company managed to reach 3.7 billion CHF with an EBIT margin of 4.4% – up 3.1% during 2024.
Stadler’s hydrogen-powered train FLIRT H2
© Stadler
Net profit across the year was almost doubled, with Stadler posting a profit of 100.7 CHF compared to 55 million CHF in 2024.
The company’s order intake for 2025 amounted to 6.1 billion CHF, a reduction from the previous year’s overall number of 6.4 billion CHF. Its order backlog, however, grew to 32 billion CHF, up from 29.2 billion at the end of 2024.
The company has formally acknowledged that severe flooding in Valencia in late October 2024 resulted in a number of major disruptions to both supply chains and production, resulting in 350 million CHF in lost revenue for the year in question.
In 2025, Stadler implemented a number of recovery measures, including the rebuilding of supply chains and adaptation of production processes, which it states led to improvements during the second half of the year. Despite this, the company has said that it expects the effects of the flooding to linger until 2027.
In an effort to address the economic situation in Germany; the company launched a new efficiency improvement programme at its Berlin site, which has now begun to improve overall results, and a new collective agreement with the IG Metall trade union has, according to Stadler, boosted overall competitiveness by increasing employee working hours from 38 to 40 hours per week.
Meanwhile, a resurgent Swiss franc, which has added pressure to the country’s export industry, has led to a reduction in Stadler’s consolidated sales by more than 50 million CHF, with higher labour costs further proving difficult for the company’s operations.
At the end of September 2025, Stadler commissioned its own aluminium welding shop for car bodies at its plant in Salt Lake City, increasing the local value share in the United States.
Across 2025, Stadler achieved a number of key market milestones, including a contract with Dutch railway operator Nederlandse Spoorwegen (NS) for 36 FLIRT commuter trains; the unveiling of the first ORION multiple unit train equipped with the “v+” gear brake system; an order for two custom hydrogen-powered trains from Ferrovia Circumetnea (FCE) in Italy; a 50 million EUR contract for a customised signalling solution in Bergen, Norway; and an order from Kölner Verkehrs-Betriebe (KVB) for 132 high-floor light rail vehicles, valued at approximately 700 million EUR.
Overall, the company has stated that it expects sales to exceed 5 billion CHF across 2026, with an EBIT margin of over 5%. Medium-term projections indicate an EBIT margin of 6-8% and stable sales above CHF 5 billion.
Stadler has stated that it is expecting an order of up to 1,500 metro cars by Berliner Verkehrsbetriebe (BVG) by the end of December 2026, with an additional order expected from S-Bahn Berlin for over 350 trains.
The Board of Directors plans to propose a dividend of 50 million CHF (0.50 CHF per share) for the 2025 financial year, up from 20 million CHF (0.20 CHF per share) in 2024.
Markus Bernsteiner, Group CEO, said:
Our efforts following the environmental disasters are beginning to bear fruit. The combination of a very solid order backlog, more stable supply chains and the consistent efficiency improvement programme is showing its effectiveness.
We expect significantly higher sales and EBIT in 2026.