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In a research note published by Henri Patricot, UBS advises its customers to buy the stock. The target price is unchanged and still at EUR 65. | April 19, 2023 ....
Well, i caught up with the boss of one of the world s biggest players to find outjust how the world is letting the train take the strain. henri poupart lafarge, a real pleasure having you on my show. thanks for your time. henri, let s start with this. you re one of the world s biggest rolling stock manufacturers, producing and shipping trains all across the globe, but let me ask you this with governments everywhere today short of cash because of covid and the war in ukraine, are they still buying trains? yes. thank you. good afternoon, and thank you for your question. actually, i mean, there is a greater challenge than only the immediate cash impact of some of the crisis. the greater challenge is the climate change and all the governments in the world are absolutely aware of the need to tackle this climate change challenge and, therefore, are investing heavily in rail whether it s for cities, urban transportation, or between cities for the main lines. henri, we know you operate in ....
Henri, i want to bring in the united states because we had another train derailment recently in fact, according to the numbers, there s more than 1,000 derailments every year in that country. what s gone wrong with america s train system and that infrastructure needed? because i m just wondering, is it simply a lack of investment over the years? 0r i m wondering if it s also just a lack of love for train travel, certainly compared to our european friends? there is a huge investment plan in the us, as you know, and we have the infrastructure and job act which, of course, aims at upgrading, significantly, all the infrastructure in the us. there was, in the past, as well, a lot of investment on what they call ptc, which is a signalling system in the us to ensure the safety of the trains. so maybe, the us would be seen as lagging behind in the past in terms of infrastructure but i think a lot of money is being invested to catch up, both in terms of freight and in terms of mainline. and ....
Headways, only automated trains can achieve these kind of headways. but now to automate the line, it s a huge investment, to be fair, so you cannot do that. 0n the new lines, a lot of metros are now requiring automated lines. but for existing lines, it s a huge investment, which is, of course perturbation when you have to move from a non automated to an automated line. so, it takes a lot of time to do that, so, it s a long, long process. and henri, are you operating in russia and ukraine right now? in ukraine, we have some staff in ukraine a limited number, a little bit more than 30 people. but, of course, we think about them every day and they are continuing to work under the very complex situation in which they are. we are not operating in russia. we have ceased our operations in russia. so, we have some plan in ukraine. we were penetrating the ukrainian market. of course, we are very committed to to ukraine, but very committed in the first place to our people in ukraine. and hen ....
Henri, let s start with this. you re one of the world s biggest rolling stock manufacturers, producing and shipping trains all across the globe, but let me ask you this with governments everywhere today short of cash because of covid and the war in ukraine, are they still buying trains? yes. thank you. good afternoon, and thank you for your question. actually, i mean, there is a greater challenge than only the immediate cash impact of some of the crisis. the greater challenge is the climate change and all the governments in the world are absolutely aware of the need to tackle this climate change challenge and, therefore, are investing heavily in rail whether it s for cities, urban transportation, or between cities for the main lines. henri, we know you operate in 70 countries, you employ around 75,000 people. i ve got to ask you who are your biggest buyers right now? and what ....