Stadler seen down after guidance cut
** Shares in Swiss trainmaker Stadler Rail AG SRAIL.S are seen down 7.9% in Julius Baer pre-market indications after it revised its guidance, blaming flooding across Europe and delayed deliveries to the Berlin underground
** Stadler now expects its EBIT margin for 2024 to be up to two percentage points lower, having guided for a margin of over 5% previously
** "Part of the 2024 revenue will be shifted to 2025, although it is not possible to say to what extent", it says
** Stadler also suspends its 2025 and 2026 guidance, promising new guidance in Q1 2025
** "Stadler has struggled in recent years to convince of its ability to convert its very strong multi-year order book into cash flows", Vontobel says, adding that the suspended guidance makes uncertainty worse
Reporting by Louis van Boxel-Woolf
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