Full Year 2026 Alstom SA Earnings Call Transcript

May 13, 2026 / 06:30 AM GMT

Release Date Price: €17.3 (+2.03%)

Transcript

Key Points

Positve

Alstom SA (ALSMY) achieved a record high order intake of nearly EUR 28 billion, reflecting strong commercial success.
The company reported a 7.2% organic growth in group sales, with all product lines contributing except for systems.
Alstom SA (ALSMY) has made significant progress in reducing Scope 3 emissions linked to passenger consumers by around 20% over three years.
The backlog has increased by more than EUR 20 billion over five years, with improved balance across rolling stock, services, signaling, and systems.
The company's platform-based approach allows for reuse and scaling across customers and geographies, enhancing reliability and reducing development risks.

Negative

Execution challenges in the rolling stock business have led to inconsistent project execution and financial performance.
Adjusted EBIT margin was below expectations, primarily due to underperformance in rolling stock projects.
Car production fell short in Q4, resulting in full-year production finishing nearly 100 cars below plan.
The company faces pressure on near-term margins and cash due to delays in homologation and additional costs in rolling stock projects.
Alstom SA (ALSMY) revised its guidance for fiscal year 26-27 due to ongoing execution challenges, impacting cash flow and profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ALSO.PA - Alstom SA
Full Year 2026 Alstom SA Earnings Call
May 13, 2026 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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2026 full year results conference call. For the first part of the conference call, the participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to Martijn Cion, CEO. Sir, please go ahead.

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Unidentified_2 [2]
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Good morning. Good morning, everyone, and thank you for joining us to discuss ALSTEM results for the fiscal year 2025-26.

It is fair to say that I joined the company at a critical time. The past year has

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