CAF reports 28% rise in nine-month profit and plans strategy to 2030

Spanish transport maker CAF increased its profit by 28% to €134 million in the first nine months of the year.

Its sales rose 15% to €3.649 billion, helped by stronger sales at Solaris, its bus subsidiary.

CAF’s order book grew 8% from the start of the year to more than €17.5 billion at the end of September.

Solaris sales climbed 57%, while sales in CAF’s rail division rose 3%.

The company expects high single-digit sales growth in 2026 and aims to improve profitability while keeping its debt ratio stable.

CAF’s board approved a strategy through 2030, which the company plans to present to investors on December 22.

The company also expects to keep reducing carbon emissions as its business grows.