Alstom SA

ALO: XPAR (FRA)

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Alstom: Warns Margin Target Cut to 6.5% and EUR 1.5 Billion FCF Target Withdrawn; FVE Cut 15%

Loredana Muharremi

Apr 21, 2026

Alstom issued a profit warning on April 16, with shares falling by 30%, withdrawing its three-year cumulative EUR 1.5 billion free cash flow target and its 8%–10% adjusted EBIT margin ambition for fiscal 2026-27, citing prolonged rolling stock ramp-up delays and execution headwinds.

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Alstom SA

Alstom: Warns Margin Target Cut to 6.5% and EUR 1.5 Billion FCF Target Withdrawn; FVE Cut 15%

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