Newag's big contract for trains. The order increased to PLN 1.2 billion


Last November The Silesian Voivodeship announced that it would allocate PLN 252 million for 10 Impuls 2 electric multiple units. “Each of the new electric multiple units reaches a speed of up to 160 km per hour and can accommodate approximately 400 passengers, including 192 in seats,” it was written then. The money was to come entirely from the National Reconstruction Plan. The latest announcement from the manufacturer of these trains shows that the total amount will clearly exceed PLN 1 billion.
The manufacturer of the ordered multiple units, the Polish company Newag, announced on Tuesday that due to the Silesian Voivodeship exercising its option right, it will deliver four additional electric multiple units together with the provision of maintenance services worth approximately PLN 156.8 million net – Newag announced in a press release.
In total, the entire agreement, concluded two years ago in February 2024, will be worth approximately PLN 1.19 billion net. As part of it, Newag was to deliver 22 electric multiple units (EMUs) along with additional services and service.
Delivery of the trains ordered under the option will be completed in 2027, it was also announced.
Already in April 2024, Newag announced that due to the Silesian Voivodeship exercising its option right, it will deliver four additional electric multiple units along with the provision of maintenance services worth approximately PLN 156.8 million net. Now there will be another four.
Newag shares are breaking new records
In addition to the Silesian Voivodeship, Newag also produces trains for the province. Lesser Poland. In January, it signed a contract for seven electric multiple units worth PLN 311 million net, with delivery in 2028 and 2029. This is the implementation of the framework agreement from September 2024, worth up to PLN 1.13 billion.
In November, Newag signed a contract with Orlen Kolej for the construction of 20 locomotives worth PLN 438 million. Incoming orders are appreciated by the exchange.
Last year, the shares grew by as much as 129 percent, and this year they added another 33 percent. Moreover, this is the fourth consecutive year of growth, and last year the company paid a record-breaking dividend of PLN 2 per share. The company's market value increased to PLN 5.7 billion.
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