Half Year 2025 Alstom SA Earnings Call Transcript
Key Points
- Alstom SA (ALSMY) reported a strong commercial momentum with EUR10.9 billion in order intake for the first half, supporting their growth strategy.
- The company achieved a book-to-bill ratio of 1.25, indicating a healthy balance between orders received and revenue recognized.
- Adjusted EBIT increased by 18% to EUR515 million, with a margin of 5.9%, driven by growth, cost savings, and improved gross margins.
- Alstom SA (ALSMY) maintained its guidance for the full year, expecting around 6.5% adjusted EBIT margin and positive free cash flow between EUR300 million to EUR500 million.
- The company is seeing robust demand and a strong pipeline, with significant projects in Germany, Western Australia, and France contributing to future growth.
- Free cash flow was negative EUR138 million, although better than the initial guidance of negative EUR300 million to EUR500 million.
- Supply chain challenges have impacted project execution, with 60% to 70% of delays attributed to these issues.
- The rolling stock production decreased by 11% compared to the same period last year, affecting overall production targets.
- The company faces ongoing challenges with legacy projects like Aventra, which continue to weigh on the P&L.
- There is uncertainty regarding the impact of potential tariffs in the US, although the company has a largely US-based supply chain.
Hello, and welcome to the Alstom Fiscal Year 2024-'25 Half Year Results Conference Call. Please note, this call is being recorded. (Operator Instructions)
I will now hand you over to your host, Mr. Henri Poupart-Lafarge, CEO; and Mr. Bernard Delpit, EVP and CFO, to begin today's conference. Thank you.
Good evening, everyone. Thank you for joining this conference call to review Alstom's first half fiscal year 2025 results. I'm Henri Poupart-Lafarge, Chief Executive Officer; and with me is Bernard Delpit, Executive Vice President and CFO. And before Bernard goes into the financial details, let me give you some of the headlines.
First of all, we had a good H1 performance, a sound H1 performance. That's in a difficult environment, in particular regarding the supply chain, and I will go back to it later on. We continue to work decisively on our trajectory and our road map to implement our operational road map. And this allows us
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
