Brief: Alstom Cuts FY 2026/27 Margin Outlook To Around 1%

Alstom SA

Today 06:41

Nov 2 (Reuters) - Alstom SA ALSO.PA:
H1 SALES EUR 9,300 MILLION
H1 FREE CASH FLOW EUR -1,248 MILLION
H1 ORDERS EUR 11,000 MILLION
H1 ADJUSTED EBIT MARGIN OF AROUND (4)%, IMPACTED BY EXECUTION ISSUES
FY 2026/27 GUIDANCE ADJUSTED
FY 2026/2027 OUTLOOK: ADJUSTED EBIT MARGIN OF AROUND 1% (VERSUS AROUND 6.5% PREVIOUSLY), IMPLYING AROUND 6.5% IN H2 2026/27
OUTLOOK FY 2026/27: FREE CASH FLOW OF - 1.5 BILLION EURO
FY 2026/27 OUTLOOK: LOW- TO MID-SINGLE DIGIT ORGANIC SALES GROWTH1 (VERSUS AROUND 5% PREVIOUSLY)
FY 2026/27 GUIDANCE UNCHANGED: GROUP BOOK-TO-BILL RATIO ABOVE 1
ON-GOING BROAD REVIEW OF ORGANISATIONAL AND OPERATIONAL MODELS, LEADING TO DECISIONS TO BE MADE BY EARLY 2027
GROUP ENTERED A NEW €2.0 BILLION SHORT TERM REVOLVING CREDIT FACILITY WITH A FIRST-TIER INTERNATIONAL BANK MATURING IN NOV 2028
Source text: ID: nGNELfvx6
Further company coverage: ALSO.PA

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