Alstom’s Performance Highlights
10.10.2023
In the first half of the financial year 2023/2024, which ended on September 30, 2023, Alstom secured orders totaling 8.4 billion euros, as reported by the railway portal Railway Supply.
In the previous year, the order volume reached 10.1 billion euros, driven by a significant contract for the delivery of 130 Coradia Stream regional electric trains to the state of Baden-Württemberg (Germany) worth 2.5 billion euros.
Rail freight volumes to the east have decreased by 91%
Confirmed orders in the second quarter of the financial year 2023/2024 amounted to 4.5 billion euros, including 40 Coradia Stream trains valued at 900 million euros for the federal state of Schleswig-Holstein (Germany), Traxx locomotives for leasing companies Akiem and Railpool (totaling 400 million euros), and 60 commuter train cars valued at approximately 300 million euros for the state of Connecticut (USA).
It is expected that revenue growth will continue until the end of the financial year, partly due to won but not yet formalized tender contracts and the transfer of some orders from the first half.
Alstom’s sales volume for the first half reached 8.3 billion euros, compared to 8 billion euros the previous year.
Growth was observed in the sectors of rolling stock, services, and railway systems.
The adjusted EBIT margin reached 5.2% (compared to 4.9% the previous year) and was positively influenced by increased production rates.
However, there was a negative impact from the delayed Aventra program for the delivery of 443 electric trains to five customers in the UK, manufactured at the Derby facility (United Kingdom). Deliveries are carried out in accordance with contracts signed by Bombardier Transportation (acquired by Alstom in 2021).
Purchase of 12 Stadler Kiss Electric Trains
The growth in the order backlog over the past 2 years has led to a 10% annual increase in production volumes, combined with strict supply chain management, ensuring the reliable fulfillment of contractual obligations.
The company’s management is consistently implementing plans to enhance operational efficiency, profitability, and sales.
Photo: Alstom
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