Alstom Displays Solid First-Half 2024/25 Performance

Alstom reported a robust financial performance for the first half of fiscal 2024/25. The company registered €10.9 billion in orders, bringing its book-to-bill ratio to 1.25. This was supported by an organic sales growth of 5.6%, amounting to €8.8 billion. The adjusted EBIT rose to €515 million, achieving a margin of 5.9%.

The company managed to reduce its net financial debt significantly from €2,994 million to €927 million due to a completed deleveraging plan. Also, despite supply chain challenges, Alstom maintained its focus on cost efficiencies and project management.

Alstom's long-term backlog stands at €94.4 billion, ensuring future sales visibility. The firm also saw improvements in its free cash flow, now at €(138) million, compared to €(1,119) million in the prior period. Furthermore, the company reaffirmed its full-year outlook, targeting book-to-bill above 1 and aEBIT margin around 6.5%.