Alstom Reports Strong Performance in First Half

Alstom reported a strong performance for the first half of fiscal year 2024/25, with €10.9 billion in orders and €8.8 billion in sales, resulting in a book-to-bill ratio of 1.25. The company achieved an 18% increase in adjusted EBIT to €515 million, surpassing analysts' expectations, while maintaining a solid backlog of €94.4 billion. Notably, Alstom's cash outflow was significantly better than anticipated at €138 million, compared to an expected €354 million. This improvement is attributed to strategic initiatives aimed at boosting order volumes and implementing cost-saving measures, including a $1 billion rights issue supported by key shareholders. The company is focused on enhancing its financial position by addressing inherited challenges from its acquisition of Bombardier's rail business and shifting towards Services and Signalling. Overall, Alstom's robust performance and strategic maneuvers position it well for future growth amid ongoing supply chain challenges.