Finance
Alstom Posts 27.6 Billion Euros in Full-Year Orders as Ebit Margin Dips
Published by Global Banking & Finance Review®
Posted on April 16, 2026
2 min readLast updated: April 16, 2026
Add as preferred source on GoogleQuick Summary
Alstom’s full-year order intake reached €27.6 billion with order backlog exceeding €100 billion, yet its adjusted EBIT margin slipped to around 6%, falling below its 7 % target.
Alstom revises margin target for full-year 2026/27
Alstom's Financial Performance and Revised Targets
April 16 (Reuters) - Rail infrastructure group Alstom on Thursday revised its adjusted earnings before interest and taxes (EBIT) margin target to 6.5% by the end of the 2026/27 year from a previous range of 8%–10%.
Preliminary Full-Year Results
In its preliminary full-year results, the company said its adjusted EBIT margin for the full-year stood at around 6%, down from last year and below the 7% target the French company had previously set.
Factors Affecting Profitability
• Profitability was hit mainly by "some large rolling‑stock projects (progressing) more slowly than anticipated" which weighed on near-term margins and cash, Alstom's CEO said in a press release
Withdrawal of Free Cash-Flow Target
• The French group also withdrew its three‑year free cash-flow target of 1.5 billion euros ($1.77 billion) by 2026/27.
Operational Changes and Performance Stabilisation
• The CEO said the company was launching "immediate actions to stabilise performance while preparing deeper operational changes to restore sustainable execution, cash generation and profitable growth"
Outlook and Guidance
Preliminary Full-Year Outlook
• Its preliminary full‑year outlook included a book‑to‑bill ratio above 1, organic sales growth of about 5%, an adjusted EBIT margin of 6.5%, and positive free cash-flow
Guidance for 2026/27
• The company provided guidance for around 1.5 billion of free cash-flow consumption in first half of the 2026/27 year
Order Intake and Backlog
• Full-year preliminary order intake was 27.6 billion euros, with an order backlog of over 100 billion euros
Free Cash-Flow and Sales
• Full-year preliminary free cash-flow was around 330 million euros
• Full-year preliminary sales were 19.2 billion euros
Additional Information
($1 = 0.8493 euros)
(Reporting by Jakob Van Calster. Editing by Jane Merriman)
Key Takeaways
- •Full‑year orders surged to €27.6 billion, lifting backlog beyond €100 billion, underlining robust demand
- •Adjusted EBIT margin fell to ~6%, missing the company’s 7 % target amid margin pressures
- •Alstom previously aimed for 6.4 % margin in FY 2024/25 with €95 billion backlog—this year’s results reflect slower margin progression
Frequently Asked Questions about Alstom posts 27.6 billion euros in full-year orders as EBIT margin dips
1What was Alstom's full-year order intake?
Alstom reported a full-year preliminary order intake of 27.6 billion euros.
2How much is Alstom's current order backlog?
Alstom's order backlog is over 100 billion euros.
3What was Alstom's adjusted EBIT margin for the year?
The adjusted EBIT margin stood at around 6% for the full year.
4Did Alstom meet its EBIT margin target?
No, the EBIT margin of 6% was below the company's previous 7% target.
