Talgo Wins €1.3 Billion Saudi High-Speed Train Contract, Lifting Backlog to Record Level

Talgo S.A. ( (ES:TLGO) ) just unveiled an announcement.

Talgo has secured a major contract in Saudi Arabia for the manufacture and maintenance of 20 new high-speed trains under the Haramain High-Speed Railway project, adding €1.332 billion to its order book and lifting its backlog to a record around €6 billion. The agreement, which mirrors the technical specifications of 35 existing Talgo units in service since 2018 and extends maintenance responsibilities for the entire 56-train fleet potentially through 2038, reinforces the company’s long-term positioning in the Saudi market and supports its broader international growth strategy focused on the Middle East.

This expanded role in Saudi Arabia provides Talgo with multi-year revenue visibility and deeper operational integration in one of the world’s most active rail investment regions. For stakeholders, the deal underscores the strategic importance of the Haramain corridor to Talgo’s business mix, while signaling continued demand for high-speed rail technology and lifecycle maintenance services across the Middle East.

The most recent analyst rating on (ES:TLGO) stock is a Hold with a EUR3.00 price target. To see the full list of analyst forecasts on Talgo S.A. stock, see the ES:TLGO Stock Forecast page.

More about Talgo S.A.

Talgo S.A. is a Spanish rolling stock manufacturer specializing in high-speed, intercity, and commuter trains as well as maintenance services. The company has an established presence in international rail markets, including Saudi Arabia, where its high-speed trains have been operating on the Haramain line since 2018.

YTD Price Performance: 2.14%

Average Trading Volume: 190,048

Technical Sentiment Signal: Sell

Current Market Cap: €372.8M

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