Keystone-SDA
The hexagonal rail manufacturer Alstom achieved a turnover up 2.8% in the first quarter of its offbeat fiscal year 2025/2026, at 4.5 billion euros (4.2 billion francs), and given its orders to increase from 11.8% to more than 4 billion euros.
(Keystone-ATS) He confirmed his objectives, targeting organic growth of 3% to 5% of turnover over the financial year, while warning that his cash flow should dive in red in the first half at less than a billion euros, due to a seasonality effect. Throughout the financial year, it should become positive again at between 200 and 400 million euros.
Alstom sold to deleted its signaling activities in North America. Excluding perimeter effect and excluding exchange effects (the strong euro has penalized the group), organic sales growth is 7.2%.
“Orders of the first quarter exceeded the 4 billion euros mark, with solid visibility on the second quarter order book, carried by a good dynamic in North America,” said the director general of the Henri Poupart-Lafarge group, quoted in a press release.
Service, signaling and system orders represent almost half of the total (42%) of the first quarter ordering.
Europe remains ultra majority and weighs for 85% of orders received, compared to 70% a year ago. Alstom notably obtained a contract for the delivery of 96 RER NG trains for the RER D in Ile-de-France, for around 1.7 billion euros.
The group also won via a consortium a large contract in Bulgaria where it will provide 35 electric interregional trains and 15 years of maintenance. The total contract is 720 million euros including 600 million for Alstom.
The rolling stock activity, the construction of cars and trains of trains, reported 2.4 billion euros in the first quarter, up 3% (+5% of organic growth) thanks to the river rise in Germany.
The group won a contract of 3.6 billion euros there last year for the delivery of regional trains in the northwest of the country. In February, he added a framework contract of 600 million euros to modernize and digitize the German rail network.
