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"The best rail vehicles in the world"

May 6, 2026

Peter Spuhler wastes no time. At the annual general meeting in the Swiss Life Arena in Altstetten, he reports CHF 6.1 billion in order intake for 2025 and a total order backlog that has risen to CHF 32 billion. Sabrina Soussan and Michael Schöllhorn are joining the board of directors as new members.

Stadler 2026GVb 310 P. Spuhler

Approximately 1,400 shareholders, representing 66.98 percent of the shares, attended the 35th Annual General Meeting in Zurich-Altstetten. Sabrina Soussan and Michael Schöllhorn were recognized for their many years of management experience in the rail vehicle and mobility sectors. They replace Christoph Franz and Wojciech Kostrzewa. Peter Spuhler was confirmed as Chairman of the Board of Directors.

Solid foundation

Stadler is thus continuing its course toward improving its earnings. The previously communicated expectation of revenue growth well over ten percent for 2025 has been confirmed. The projected EBIT margin of between 4 and 5 percent was also achieved. Stadler therefore has a solid foundation for the coming years.

Stadler 2026GVc 310 Photos: Stadler Rail

With its broad product portfolio, Stadler considers itself exceptionally well-positioned in the rail vehicle market. The company is the world market leader in green drive technologies such as battery and hydrogen. Peter Spuhler: "We expect sales of well over five billion Swiss francs for the current fiscal year, as well as a further improvement in the EBIT margin to over 5 percent."

Strong Swiss franc problematic

As previously reported, the 2025 financial year continued to be impacted by the aftermath of the floods in Valencia. This was compounded by the weak economic performance in Germany and the strong Swiss franc. The strengthening Swiss currency cost Stadler approximately 50 million Swiss francs in revenue in the export-oriented market in 2025.

www.stadlerrail.com








WAGNER Switzerland AG




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