Stadler Rail (ISIN CH0002178181) traded at EUR 32.66 on the Lang & Schwarz exchange at 2:16 p.m. CEST on 6 October 2026, up 0.71 percent from the prior close of EUR 32.43. The company announced that Philipp Brunner will become Group CEO on 1 January 2027, succeeding Markus Bernsteiner, a change reported by Reuters on 29 September 2026. Brunner currently heads Stadler’s Central Europe and Germany divisions.
In the first half of 2026, Stadler reported revenue of CHF 2.00 billion, a 40.00 percent year‑over‑year increase, and an operating result of CHF 79.50 million versus CHF 28.00 million in the same period of 2025. The EBIT margin expanded to 4.00 percent from 2.60 percent. Order intake reached CHF 2.70 billion, up CHF 1.00 billion from the first half of 2025, and the order backlog stood at CHF 33.30 billion. Despite the strong order book, free cash flow was minus CHF 54.00 million in the first half of 2026.
Management confirmed that full‑year 2026 revenue will exceed CHF 5.00 billion and that the EBIT margin will be above 5.00 percent. The contrast between a 40.00 percent revenue rise and negative free cash flow highlights delivery timing and working‑capital conversion as key operational priorities for the new leadership.
Stadler’s primary listing is on the SIX Swiss Exchange, where the share closed at CHF 30.58 on 6 October 2026 at 2:08 p.m. CEST. The market capitalization was CHF 3.10 billion, with a 52‑week range of CHF 17.25 to CHF 31.70, placing the share near the upper end of its annual trading band. The investor‑relations calendar lists the full‑year 2026 report for 17 March 2027 and the half‑year 2027 report for 25 August 2027, marking the CEO transition and the conversion of the backlog into cash as the next measurable milestones.
