Alstom SA

ALO: XPAR (FRA)

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Alstom: Persistent Execution Problems Limit Margin Expansion and Delay Cash Recovery

Loredana Muharremi

Nov 3, 2026

Business Strategy and Outlook

Alstom offers a comprehensive rail portfolio, with rolling stock representing approximately 52% of fiscal 2025-26 revenue, services 24%, and signaling and systems 23%.

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Alstom SA

Alstom: Persistent Execution Problems Limit Margin Expansion and Delay Cash Recovery

Business Strategy and Outlook

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