Markus Bernsteiner

Group CEO, Stadler Rail

Search every verified Markus Bernsteiner interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a March 2024 interview, Stadler Rail CEO Markus Bernsteiner discussed the company's 2023 financial results, noting that net profit rose to 138.6 million Swiss francs while revenue fell 4 percent to 3.61 billion francs. Bernsteiner attributed the revenue miss against the company's forecast of 3.7 to 4.0 billion francs to external factors including currency fluctuations, inflation, labor shortages, and supply chain instability. He stated that currency effects alone accounted for 100 million francs of the revenue shortfall and 25 million francs on the EBIT margin, and that when adjusted for these effects, the company would have met its targets. Bernsteiner said the company's EBIT margin remained at 5.6 percent and that no improvement in profitability was expected in 2024, citing legacy contracts booked at unfavorable euro exchange rates that will run through 2024 and into 2025. He stated that the target of a 7 to 8 percent EBIT margin has been pushed back by one year. Regarding the company's Minsk, Belarus facility, Bernsteiner said that due to sanctions, the workforce has been reduced from 1,900 to 200 employees, with 400 employees offered jobs at other Stadler locations and 70 Belarusian staff working in the United States. He said the company is maintaining the plant.