Alstom Reports Q1 Orders and Operational Milestones for H1 2026/27
News related to:Alstom S.A · 2 min read
On 6 October 2026, Alstom S.A. provided a summary ahead of its H1 2026/27 results, which are set to be released on 17 November at 6pm CET. The summary does not contain any new information and is intended as a retrospective of previously disclosed data.
Alstom reported €2.6 billion in orders for the first quarter of fiscal year 2026/27. The company highlighted several large orders, noting that more than €200 million worth of contracts were secured during the second quarter. While specific details of these large orders were not provided, the company has historically seen a significant number of such contracts in the second quarter of its fiscal year.
In terms of operations, Alstom achieved several key milestones. The TGV-M, a high-speed train, received marketing authorization from the European Union Agency for Railways. Additionally, the Regio2N platform in France has reached its 500th manufactured trainset, marking a significant production milestone. Alstom also completed the delivery of the 106-train fleet renewal programme for Singapore’s North-South and East-West MRT lines. The company's rolling stock entered service in multiple geographies, including Perth and Melbourne in Australia, Hartsfield, Jackson Atlanta International Airport in the United States, Cairo Monorail in Egypt, and metros in São Paulo, Brazil.
Regarding sales, Alstom guided for organic sales growth of around 5% for fiscal year 2026/27. The company reported a 4.8% organic sales growth in the first quarter of the fiscal year. Inorganic sales drivers include a slight positive impact from foreign exchange, with a breakdown of sales by currency available on page 34 of the FY 2025/26 analyst presentation. Alstom also noted no scope impact on H1 FY 2026/27 sales.
Alstom's adjusted EBIT margin is expected to be around 6.5%. The company also guided for a group book-to-bill ratio above 1, car production of 4,400-4,500, and positive free cash flow. The free cash flow is expected to consume around €1.5 billion in the first half of fiscal year 2026/27, driven by seasonality.
This summary, while not containing any new information, provides a comprehensive overview of Alstom's performance and expectations for the first half of its fiscal year 2026/27.