March 5, 2020 / 6:12 AM / a month ago

BRIEF-Stadler Rail Sees Double-Digit Sales Growth In 2020

March 5 (Reuters) - Stadler Rail AG:

* FY ORDER INTAKE OF CHF 5.1 BILLION, THEREOF CHF 833 MILLION IN THE SERVICE AREA

* TO PROPOSE A DIVIDEND OF CHF 120 MILLION (CHF 1.20 PER SHARE)

* MEDIUM-TERM FINANCIAL TARGETS ARE CONFIRMED

* FY SALES GROWTH OF 60% COMPARED TO PREVIOUS YEAR TO AROUND CHF 3.2 BILLION

* FOR 2020 SEES DOUBLE-DIGIT SALES GROWTH IN STABLE CURRENCY SITUATION AND RESULT SIMILAR TO 2019

* PLANS TO PAY A DIVIDEND OF ABOUT 60% OF THE GROUP'S EARNINGS FOR 2020 Source text - bit.ly/2Tz1KSI Further company coverage: (Gdansk Newsroom)

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