Stadler Rail Secures Major Polish Contract for FLIRT Trains

Stadler Rail secures a major order for up to 20 FLIRT trains from Poland's Greater Poland region, valued at €263 million, boosting its order book as it publishes its annual report.

On the same day it was scheduled to present its annual report, Stadler Rail announced a significant new order from Eastern Europe. The Greater Poland Voivodeship has placed a contract for up to 20 electric multiple units from the manufacturer's established FLIRT series, a deal valued at approximately €263 million.

A Firm Order with Future Options

The agreement is structured as a firm order for ten five-car trainsets, accompanied by an option for ten additional vehicles. Initial deliveries are slated to enter service by early 2028. Each unit will have a passenger capacity of up to 632 and a top speed of 160 km/h. The trains will be equipped with ETCS Level 2, meeting current European interoperability standards.

Development and final assembly will be handled locally at Stadler's production facility in Siedlce, Poland. This local value-add is a strategic component for the company, enhancing its competitiveness in national tender processes. Since entering the Polish market in 2006, the country has become one of Stadler's most important, with over 2,000 employees across three production sites.

Bolstering the Order Book Amid Scrutiny on Margins

The FLIRT platform is Stadler's best-selling model, with more than 3,000 units sold across 24 countries. The latest contract from Greater Poland continues this successful track record. It provides greater revenue visibility for the rolling stock division and helps utilize existing manufacturing capacity at the Siedlce plant.

Concurrently, Stadler Rail is publishing its complete 2025 annual report. Investors are likely to focus closely on how the company translates its expanding order backlog into operational profitability. The firm's shares currently trade roughly 8.5% below their 200-day moving average, and the evening's financial details may offer fresh direction for the stock.