Alstom Confirms Financial Targets for FY 2024/25
Alstom has announced its results for the third quarter of the 2024/25 fiscal year, maintaining its positive outlook for the full year.
Alstom has announced its results for the third quarter of the 2024/25 fiscal year, maintaining its positive outlook for the full year.
From October to December 2024, the company recorded orders worth 4.3 billion EUR, while sales for the quarter reached 4.7 billion EUR, representing a 7.9% increase compared to the same period last year. Rolling Stock production output totalled 1,098 cars.
Over the first nine months of the fiscal year, total orders rose to 15.2 billion EUR, and sales reached 13.4 billion EUR, marking 5.3% growth year-on-year, with organic growth at 6.9%.
“Q3 orders show that Alstom is actively rebalancing its backlog portfolio mix in a supportive Rail market and with a strong pipeline of opportunities. Our Signalling and Services operations are progressing well, while Rolling Stock continues to face supply chain challenges. We are driving cost efficiency measures as planned and nearing the end of our integration efforts, allowing us to confirm our financial targets for FY 2024/25.”
Key Figures include:
- Q3 2024/25 Orders: €4.3 billion (down 21.9% YoY)
- Q3 2024/25 Sales: €4.7 billion (up 7.9% YoY)
- 9-Month Orders: €15.2 billion (up 9.4% YoY)
- 9-Month Sales: €13.4 billion (up 5.3% YoY).
- Backlog: 94.7 billion EUR as of 31 December 2024, ensuring strong future sales visibility
Europe accounted for 64% of Q3 orders, including two major contracts from undisclosed European customers totalling 760 million EUR.
Additional notable contracts include:
- France: Supply of 35 additional RER NG trains for Île-de-France Mobilités (520 million EUR)
- Lille: 15 automated metro trainsets for the Métropole Européenne de Lille (210 million EUR).
In the Americas, key contracts included:
- Metrolink, Southern California: A 490 million EUR contract to operate and maintain the regional rail system until 2030, employing 400 team members
- Denver International Airport: A 218 million EUR contract to operate and maintain the Innovia Automated People Mover system over seven years
For Rolling Stock, sales have reached 7 billion EUR over nine months, reflecting 3% growth.
For Signalling, sales for the period totalled 1.88 billion EUR, with 4% organic growth driven by consistent execution in Italy, Germany, and France, despite the impact of selling US conventional signalling operations.
Systems recorded 1.34 billion EUR in sales, up 20% on a reported basis, with notable contributions from turnkey projects in France, Saudi Arabia, and Mexico.
The Services division also continues to perform strongly, with 3.26 billion EUR in sales (up 11% organically).
Alstom has now reaffirmed its financial targets for the fiscal year:
- Book-to-bill ratio: Above 1
- Organic sales growth: Approximately 5%
- aEBIT margin: Around 6.5%
- Free Cash Flow: Expected in the range of 300 million EUR to 500 million EUR
