Alstom SA
PAR:ALO
Alstom SA
Alstom SA, a titan of the global rail industry, traces its roots back to 1928 in France, emerging as a pivotal player in the realm of transportation solutions. Over the decades, Alstom has woven itself into the infrastructure of urban mobility and rail network systems across continents. The company excels in designing and manufacturing high-speed trains, metro systems, trams, and e-buses. Renowned for its expertise, Alstom doesn't just stop at hardware; it delves deep into the digital sphere with intelligent transport systems that streamline operations and enhance passenger experiences. By integrating sustainable practices and cutting-edge technology, Alstom helps shape the future of connected and eco-friendly transit.
What distinguishes Alstom is its multifaceted revenue model. Beyond manufacturing, it garners significant earnings from maintenance services and solutions that ensure rail systems operate at peak efficiency, offering long-term contracts that provide a steady income stream. Its digital and signaling solutions, a burgeoning aspect of its portfolio, cater to the increasing demand for smart infrastructure. These services improve traffic management and reduce operational costs for operators, further cementing Alstom’s role as an indispensable partner for transport systems worldwide. This balanced mix of products and services allows Alstom not only to survive but thrive and innovate in the competitive landscape of transportation, positioning itself as a linchpin for future urban mobility demands.
Alstom SA, a titan of the global rail industry, traces its roots back to 1928 in France, emerging as a pivotal player in the realm of transportation solutions. Over the decades, Alstom has woven itself into the infrastructure of urban mobility and rail network systems across continents. The company excels in designing and manufacturing high-speed trains, metro systems, trams, and e-buses. Renowned for its expertise, Alstom doesn't just stop at hardware; it delves deep into the digital sphere with intelligent transport systems that streamline operations and enhance passenger experiences. By integrating sustainable practices and cutting-edge technology, Alstom helps shape the future of connected and eco-friendly transit.
What distinguishes Alstom is its multifaceted revenue model. Beyond manufacturing, it garners significant earnings from maintenance services and solutions that ensure rail systems operate at peak efficiency, offering long-term contracts that provide a steady income stream. Its digital and signaling solutions, a burgeoning aspect of its portfolio, cater to the increasing demand for smart infrastructure. These services improve traffic management and reduce operational costs for operators, further cementing Alstom’s role as an indispensable partner for transport systems worldwide. This balanced mix of products and services allows Alstom not only to survive but thrive and innovate in the competitive landscape of transportation, positioning itself as a linchpin for future urban mobility demands.
Order Momentum: Alstom reported strong commercial momentum with EUR 10.5 billion in orders in H1, boosting the book-to-bill ratio to 1.2 and confirming robust demand across regions.
Sales Growth: Sales reached EUR 9.1 billion, up 7.9% organically, with growth seen in all product lines and regions.
Profitability: Adjusted EBIT rose 13% year-on-year to EUR 580 million, with EBIT margin improving to 6.4% from 5.9% a year ago.
Free Cash Flow: Free cash flow was negative EUR 740 million, in line with expected seasonal trends.
Margin & Backlog: Backlog gross margin improved to 18% (up 20bps), helped by quality order intake despite FX headwinds.
Guidance Update: Management raised full-year organic sales growth guidance to above 5% (from 3–5%) and reaffirmed EBIT margin and free cash flow targets.
Order Mix: Rolling Stock orders now more often include long-term service contracts, improving revenue visibility.
Competitive Landscape: Market in North America is consolidating, with Alstom leveraging its local footprint for key wins.
