Stadler is heading into 2026 with a record order book and higher profitability, after shareholders approved all proposals at the company’s 35th Annual General Meeting in Zurich.
The Swiss rolling stock manufacturer reported order intake of CHF 6.1 billion in 2025, while its order backlog rose to more than CHF 32 billion. Revenue increased by 13% to CHF 3.7 billion, confirming the company’s target of growth well above 10%.
Profitability also improved. Stadler posted EBIT of CHF 160.6 million, compared with CHF 100.5 million a year earlier, lifting the EBIT margin from 3.1% to 4.4%. Net profit almost doubled to CHF 100.7 million, from CHF 55.0 million in 2024.
The Annual General Meeting approved a dividend of CHF 0.50 per registered share, with payment scheduled for 11 May 2026. Peter Spuhler was re-elected as Chairman of the Board of Directors.
For 2026, Stadler expects further growth. Spuhler said he anticipates revenue of well over CHF 5 billion and an EBIT margin above 5%.
The 2025 financial year was still affected by the aftermath of the floods in Valencia, weaker economic development in Germany and the strong Swiss franc. Stadler said currency effects alone reduced revenue by around CHF 50 million in its export-oriented business.
Despite these pressures, the company pointed to strong demand and high-quality orders as a basis for further improvement. Group CEO Markus Bernsteiner said Stadler delivered projects, improved processes and pushed forward key programmes in 2025, showing that demand for sustainable mobility remains high worldwide.
Shareholders also elected Sabrina Soussan and Michael Schöllhorn to the Board of Directors, replacing Christoph Franz and Wojciech Kostrzewa. Soussan brings senior experience from Siemens and Siemens Mobility, while Schöllhorn, CEO of Airbus Defence and Space, adds expertise in global industrial project management.
