Delayed by problems with its deliveries to Germany, Alstom warns of less good results than anticipated
The French rail giant will not meet its half-yearly and annual results targets, due to significant penalties linked to the slippage of the Coradia Max program in Germany. On the stock market, the stock tumbled by more…
Alstom is in crisis again. The French rail giant launched yet another “profit warning” this Monday morning, which caused the stock to plunge by more than 25% on the stock market at the end of the morning. Contrary to what had been announced, the manufacturer will not meet its margin objective (Ebit) of + 6% in the first half of its 2026/2027 financial year (ending at the end of March).
According to preliminary results, this indicator has turned red, at -4%. How can Alstom, which has already been found wanting in the past regarding the reliability of its financial outlook, find itself caught on the wrong foot again? This poor performance is linked, explains the manufacturer, to penalties linked to a single program, the Coradia Max regional electric train, which was the subject of six contracts worth 5 billion euros, signed with Lander in Germany, between 2021 and mid-2023.
The latter ordered a total of 208 trains made up of 850 cars.
Machine-translated from French
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- Le Figaro2 Nov, 12:23
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
| Total | 78 |
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