During the third quarter of 2024/25 (from 1 October to 31 December 2024), Alstom recorded €4,260 million in orders, compared to €5,452 million over the same period last fiscal year.
Orders for Services and Signalling reached 65% of the third quarter order intake, and 58% over 9 months.
The backlog, as of 31 December 2024, settled at €94.7 billion.
“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,” said Henri Poupart-Lafarge, Alstom Chief Executive Officer.
Europe and Americas
On a regional level, Europe accounts for 64% of the Group’s third quarter order intake. Alstom has received new orders from two undisclosed European customers for a total amount of €760 million. The first order worth approximately €500 million concerns supply of materials and components on Alstom fleets for the next 23 years. The second order worth approximately €260 million concerns a full maintenance services agreement for 9 years on a regional trains fleet, including first level maintenance and mid-life overhaul.
In the Americas, Alstom was awarded a contract by the Southern California Regional Rail Authority (Metrolink) to operate, service, and maintain their regional passenger rail system. The contract is valued at approximately $515 million (€490 million) and will run from January 1, 2025, to June 30, 2030, employing more than 400 Alstom team members in Southern California. The contract allows for a potential three-year extension.
Alstom also renewed a contract with Denver International Airport to operate and maintain their Innovia Automated People Mover (APM) system over the course of seven years. The new contract is valued at €218 million.
Outlook
The company’s outlook for the fiscal year 2024/25 remains strong, with a book-to-bill ratio expected to stay above 1, signaling sustained demand. Organic sales growth is projected at around 5%, reflecting steady expansion. The adjusted EBIT (aEBIT) margin is anticipated to reach approximately 6.5%, while free cash flow is forecasted to range between €300 million and €500 million, highlighting the company’s solid financial position and operational efficiency.
