SummaryAlstom remains a 'Buy' despite recent underperformance and ongoing operational challenges, with a maintained €21/share price target.ALSMY's €100B+ backlog offers significant upside, but persistent low margins, project delays, and weak cash conversion justify the market's discount.Management targets EBIT margins of 6.5% and positive FCF by 2026-2027E, with dividends expected to resume in 2027E at 1-2%.Valuation is compelling at sub-12x P/E; any margin expansion or improved FCF could trigger a short-term re-rating.Looking for more investing ideas like this one? Get them exclusively at Wolf of Value. Learn More » vladispas/iStock Editorial via Getty Images
In this article, I'll be looking at the recent performance of French Alstom (ALSMY). The company has not been doing well since my last "BUY" rating, which did come in at a level where the company
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Brisbane, Queensland, Australia--(Newsfile Corp. - July 21, 2026) - Graphene Manufacturing Group Ltd (TSXV: GMG) (OTCQX: GMGMF) ("GMG" or the "Company") is pleased to announce a global exclusive Memorandum of Understanding (MOU) with Alstom (EPA: ALO) for testing and developing graphene products for the rail industry — specifically for Heating, Ventilation, Air Conditioning (HVAC) systems. Craig Nicol, CEO & Managing Director of the Company, commented "We are thrilled to be partnering with Alstom, one of the world's most recognised names in rail and transportation.
Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) has signed a global exclusive memorandum of understanding (MOU) with French rail manufacturer Alstom to test and develop graphene products for the rail industry, with an initial focus on heating, ventilation and air conditioning (HVAC) systems.
Under the agreement, GMG and Alstom will collaborate on evaluating, developing and commercializing graphene-based products for rail HVAC applications. The MOU is global and exclusive, according to the company.
Alstom is focused exclusively on the rail industry, producing products and services including high-speed and regional trains, metros, trams, signalling systems and rail infrastructure. The company employs about 87,800 people across 61 countries and reported revenue of €19.2 billion for the fiscal year ended March 31, 2026.
GMG CEO Craig Nicol wrote that the agreement provides an opportunity to introduce the company's graphene technology into the rail sector.
"Rail systems demand the highest standards of performance, durability and efficiency — and we believe graphene is uniquely positioned to deliver meaningful improvements across a range of applications,” Nicol said. “We look forward to working closely with the Alstom team to develop and commercialise graphene products that will help shape the future of rail."
GMG non-executive chairman and director Jack Perkowski described the agreement as a significant milestone for the company and said it could create an additional source of revenue.
"The fact that a company of Alstom's scale and technical sophistication has chosen to partner exclusively with GMG to evaluate develop and commercialize graphene-based products for the rail industry is a powerful validation of our technology and our team's capabilities,” Perkowski said. “This arrangement has the potential to open a new revenue stream for GMG and reinforces our strategy of targeting large, established industries where graphene's unique properties can deliver measurable, real-world impact."
Good afternoon, ladies and gentlemen. Dear shareholders, I declare open this session of the combined shareholders meeting of Alstom. First of all, I would like to thank the shareholders attending the meeting as well as shareholders who did connect remotely to attend this shareholders' meeting I have the honor to preside.
Attending today on stage, Mr. Martin Sion, the new CEO of your company, who will introduce himself in a moment. Madam Emmanuelle Petrovic, General Counsel; and Mr. Bernard-Pierre Delpit, Chief Financial Officer. I would like also to welcome here in the first row the members of our Board of Directors.
In accordance with the law, it is now my responsibility to appoint the presiding officers. I call upon the 2 members of the meeting who represent the larger number of votes and who have agreed to take on this role, Caisse de dépôt et placement du Québec as scrutineers. Caisse de dépôt et placement du Québec share 80,930,484 shares represented by Mrs. Kim Thomassin and BPIFrance Investissement, which holds 34,930,254 shares represented by Mr. Samuel Dalens in the second row.
I would like now with the agreement of the scrutineers to appoint Madam Emmanuelle Petrovic as Secretary of the shareholders' meeting. Representatives from Forvis Mazars and PricewaterhouseCoopers audit, statutory auditors for Alstom are also attending this meeting, and I would like to thank them indeed for being here with us.
I shall now hand over to Mrs. Emmanuelle Petrovic.
Upgrading key logistics corridor to improve efficiency and strengthen Egypt’s trade flows 18 June 2026 – Alstom, leading a consortium with Rowad Modern Engineering and Concrete Plus, has signed four landmark contracts with Egyptian National Railways (ENR) to modernise Egypt’s strategic railway corridors, covering the 6th of October–Alexandria corridor and Belbes–10th of Ramadan (B10) line.
The combined value of the contracts is approximately €690 million, with Alstom’s share representing around €300 million1. As four of Egypt’s most significant rail modernisation projects, the contracts support Egypt Vision 2030 by strengthening national logistics and improving connectivity between new dry ports, industrial zones, and major seaports.
The 6th of October–Alexandria corridor, valued at €550 million, of which Alstom’s share amounts to approximately €240 million, will be delivered across three major implementation lots. It will modernise the corridor with next-generation digital railway systems, upgraded telecommunications, reinforced power supply, and comprehensive civil and track rehabilitation. These enhancements will improve safety, increase capacity, enhance operational reliability, and reduce full route travel time by nearly 80 minutes.
The Belbes–10th of Ramadan (B10) project, valued at approximately €140 million, of which Alstom’s share amounts to approximately €60 million, will introduce the same advanced railway technologies and modernisation scope. It will enhance connectivity to one of Egypt’s largest industrial hubs, strengthening freight efficiency and supporting industrial growth across the eastern logistics corridor.
By transforming freight operations between the 6th of October Dry Port and the Alexandria Seaport and enhancing rail connectivity to the 10th of Ramadan industrial zone, the projects will strengthen links between Egypt’s major logistics hubs and maritime gateways.
They will help ease supply chain bottlenecks, support sustainable freight transport, and boost national and regional trade flows.
“The Africa, Middle East and Central Asia region has never been more committed to building smarter, more resilient rail networks, and Alstom is at the center of that transformation. These contracts demonstrate our capacity to deliver large-scale, complex signalling programmes, and our determination to be a long-term partner for its most critical mobility infrastructure”, said Martin Vaujour, President, Africa, Middle East and Central Asia (AMECA) at Alstom.
As consortium leader, Alstom will be responsible for the end-to-end engineering, design, supply, testing, and commissioning of the new digital railway systems across both corridors. This includes ETCS Level 1 signalling, modern telecommunications, reinforced power infrastructure, and state-of-the-art operations control capabilities, enabling real-time, coordinated management across the network.
“These projects are redefining the future of rail in Egypt,” said Ramy Salah, Managing Director of Alstom Egypt. “Our partnership with Egyptian National Railways, driven by world class expertise and Egyptian talents, is creating vital transport corridors that drive economic growth, connect key industrial and logistics centres, and unlock new opportunities for future generations.”
In parallel, Rowad Modern Engineering and Concrete Plus will deliver the technical buildings, MEP works, and the full suite of civil and track upgrades to secure resilient, future-ready rail infrastructure. The projects also strongly support national industry development, achieving around 50% local content through Egyptian engineering talent and local sourcing.
Alstom in Egypt
Alstom has been present in the country for more than 40 years, supporting the development and modernisation of rail infrastructure through landmark transport projects. Today, Alstom employs around 800 people locally and has established strong operational and engineering capabilities, including recognised centers of excellence in signalling, power supply, and depot equipment. These capabilities support complex rail programmes nationally and across the AMECA region, reflecting a deeply embedded, long term commitment and a solid industrial and technological footprint in the rail sector.
ALSTOM™ is a protected trademark of the Alstom Group.
About AlstomAlstom is the pure rail leader, committed to making rail the backbone of sustainable transportation. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 87,800 people in 61 countries, Alstom brings together global expertise and multi-local presence to make every journey smarter, cleaner and more enjoyable. Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €19.2 billion for the fiscal year ending 31 March 2026. For more information, please visit
Alstom will deliver a fully integrated, turnkey metro solution, including 32 Metropolis trainsThis flagship urban project valued at €915 million[1] will support Serbia’s long-term growth, connectivity and climate ambitions 27 March 2026 – Alstom, a global leader in smart and sustainable mobility, has secured a €915 million turnkey contract to deliver Belgrade’s Metro Line 1, the first fully automated metro system in Serbia. This project, connecting in the first phase Makiško Polje to Karaburma will alleviate surface congestion and unlock Belgrade’s potential as a leading European capital city.
By cutting directly through the city center, the first phase of Metro Line 1 will span 15 km and 15 stations, including 11 km of tunnels. This is a structural transformation: by moving a significant portion of the city’s transit underground, the project will alleviate chronic surface congestion and unlock Belgrade’s potential as a more accessible, functional European capital. The introduction of one of the world's most modern automated systems will serve as a multiplier for the city's economic attractiveness, creating a more efficient environment for both residents and international investment.
“Belgrade’s decision to build its first fully automated metro is a pragmatic and bold investment in the city’s future and it reflects the strong leadership and vision demonstrated by the Serbian authorities” said Andrew DeLeone, President of Alstom Europe. “Metro Line 1 will fundamentally change how nearly two million residents navigate their city, providing a reliable and safe alternative to road transit. This project is not just about mobility; it is about delivering the modern infrastructure necessary for Belgrade to sustain its growth and meet its long-term economic and climate objectives”.
In this project for the public utility company, Belgrade Metro & Train, Alstom, as system integrator will deliver a full turnkey metro solution, including 32 Metropolis driverless three-car trains, signaling and telecommunications, power supply, trackwork, platform screen doors, depot equipment, a centralized control center, and comprehensive cybersecurity systems. The metro will be equipped with Alstom’s advanced Urbalis CBTC technology, enabling fully automated, high-capacity and reliable operations. The Metropolis trains will be manufactured at Alstom’s Valenciennes site in France.
The project benefits from French government funding support, underlining the strong bilateral cooperation between France and Serbia. Alstom has now officially entered the design phase for Metro Line 1.
The introduction of driverless metro technology will bring tangible benefits, including increased frequency, higher passenger capacity, improved operational resilience and enhanced safety. The turnkey system will enable reliable, energy-efficient operations, with headways of up to 90 seconds, supported by a state-of-the-art integrated control center and cybersecurity platform.
Alstom is a pioneer in automated metro systems, with nearly 30 driverless lines in operation worldwide, including in Paris, Singapore and Lyon. With more than 50 years of experience and 80 turnkey systems in commercial service worldwide, Alstom is a trusted partner for complex metro projects. Recent references include Montreal REM, Riyadh Metro, Athens Line 4, Grand Paris Line 18, Toulouse Line C, Panama Line 2, Guadalajara Line 3 and Dubai Metro Route 2020.
ALSTOM™, Metropolis™ and Urbalis™ are protected trademarks of the Alstom Group.
About Alstom
Alstom is the pure rail leader, committed to making rail the backbone of sustainable transportation. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 86,000 people in 63 countries, Alstom brings together global expertise and multi-local presence to make every journey smarter, cleaner and more enjoyable. Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €18.5 billion for the fiscal year ending 31 March 2025.
For more information, please visit www.alstom.com.
31 March 2026 – Alstom, a global leader in smart and sustainable mobility, is pleased to announce that it has signed a new systems contract in the AMECA region, as part of a consortium, with a total project value of USD 2.75 billion. Alstom’s share represents approximately 30% of the total contract value, corresponding to approximately EUR 700 million.
This order has been recorded in Alstom’s Q4 2025/2026 fiscal year.
Alstom™ is a protected trademark of the Alstom Group.
About Alstom Alstom commits to contribute to a low carbon future by developing and promoting innovative and sustainable transportation solutions that people enjoy riding. From high-speed trains, metros, monorails, trams, to turnkey systems, services, infrastructure, signalling and digital mobility, Alstom offers its diverse customers the broadest portfolio in the industry. With its presence in 63 countries and a talent base of over 86,000 people from 184 nationalities, the company focuses its design, innovation, and project management skills to where mobility solutions are needed most. Listed in France, Alstom generated sales of €18.5 billion for the fiscal year ending on 31 March 2025.
For more information, please visit www.alstom.com. ContactsPress
Coralie COLLET - Tel.: +33 (0) 7 63 63 09 62 [email protected] BEKHTI –Tel.: +971 56 995 45 76
A logo on the side of a building at the Alstom train works in Derby, Britain, October 27, 2025. REUTERS/Phil Noble Purchase Licensing Rights, opens new tab
CompaniesApril 1 (Reuters) - Alstom (ALSO.PA), opens new tab has appointed Martin Sion as its new chief executive officer with immediate effect, the French train maker said on Wednesday.
Former CEO Henri Poupart-Lafarge has decided not to seek a further term after a decade at the head of Alstom, the company said in the statement.
Stay up to date on the key companies, data, and decisions in the ESG world with the Reuters Sustainable Finance newsletter. Sign up here.
Sion joins the group with an engineering background and after three years as the CEO of space and defense company ArianeGroup, equally owned by Airbus (AIR.PA), opens new tab and Safran (SAF.PA), opens new tab.
Under his leadership, Europe's new-generation Ariane 6 launcher, developed by ArianeGroup and the European Space Agency, started its first missions in a context of increased competition from SpaceX and Boeing (BA.N), opens new tab.
Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak
Our Standards: The Thomson Reuters Trust Principles., opens new tab
08 April 2026 – Alstom, a global leader in smart and sustainable mobility, is pleased to announce that it has received a Signalling contract in the Europe region for approximately €295 million.
This order was booked in Alstom’s Q4 2025/2026 fiscal year.
Alstom™ is a protected trademark of the Alstom Group.
About Alstom Alstom is the pure rail leader, committed to making rail the backbone of sustainable transportation. We design and deliver a
complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems,
end-to-end services, infrastructure, signalling and digital rail solutions. With 86,000 people in 63 countries, Alstom brings
together global expertise and multi-local presence to make every journey smarter, cleaner and more enjoyable. Together with
our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €18.5 billion for the
fiscal year ending 31 March 2025.
For more information, please visit www.alstom.com. ContactsPress
Coralie COLLET - Tel.: +33 (0) 7 63 63 09 62 [email protected] Relations
Cyril GUERIN - Tel.: +33 (0)6 07 89 36 16 [email protected]
Alstom experienced a 20%+ single-day drop after withdrawing FCF guidance and warning on profits, triggering a major revaluation. Despite record orders and a €100B+ backlog, ALSMY faces execution challenges, margin pressure, and recurring operational issues impacting earnings visibility. I view the market reaction as an overreaction; at sub-€17/share, ALSMY trades below 10x P/E, presenting long-term value despite historical volatility.
SAN DIEGO, April 20, 2026 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Alstom S.A. (OTC: ALSMY; AOMFF). The investigation focuses on Alstom’s executive officers and whether investor losses may be recovered under federal securities laws.
What if I purchased Alstom securities?
If you purchased Alstom securities and suffered losses on your investment, join our investigation now: Click here to join the investigation.
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471.
There is no cost or obligation to you.
Background of the investigation
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%.
The Company further stated that “some large rolling-stock projects have progressed more slowly than anticipated,” weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and stated that its prior medium-term ambition of adjusted EBIT margin of 8–10% would no longer be met by the end of its next fiscal year.
Following this disclosure, the price of Alstom’s stock declined sharply, damaging investors.
In light of this disclosure, Johnson Fistel is investigating whether Alstom complied with the federal securities laws. If you suffered losses from your investment in Alstom stock, contact Johnson Fistel.
About Johnson Fistel, PLLP | Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. To learn more, visit www.johnsonfistel.com.
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In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, reflecting the firm’s effectiveness in advocating for investors and recovering approximately $90,725,000 for clients in cases where it served as lead or co-lead counsel.
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James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471 | [email protected] | [email protected]
NEW YORK, April 28, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Alstom S.A. (“Alstom” or the “Company”) (OTCMKTS: ALSMY; AOMFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alstom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%. The Company further disclosed that “some large rolling-stock projects have progressed more slowly than anticipated,” weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and said that its prior medium-term ambition of adjusted EBIT margin of 8-10% would no longer be met by the end of its next fiscal year.
Following these disclosures, Alstom’s stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Alstom S.A. ("Alstom" or the "Company") (OTCMKTS: ALSMY; AOMFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alstom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%. The Company further disclosed that "some large rolling-stock projects have progressed more slowly than anticipated," weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and said that its prior medium-term ambition of adjusted EBIT margin of 8-10% would no longer be met by the end of its next fiscal year.
Following these disclosures, Alstom's stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Deployment of Alstom’s new-generation, train-centric CBTC system, suited for Lausanne’s existing automated metro line Increased service frequency and passenger capacity for the m2 metro, the backbone of public transport in the Lausanne regionComprehensive modernisation of the train fleet as part of a service strategy to ensure long-term operational performance 5 May 2026 – Transports publics de la région lausannoise (tl) and Alstom have signed a contract worth 295 million euros1 to modernise Lausanne’s m2 metro line. The project will enable more frequent services and increased passenger capacity through the deployment of a new communications based train control (CBTC) system, combined with the mid-life modernisation of the existing train fleet.
The m2 metro is the backbone of public transport in the Lausanne region. The new signalling system will allow trains to operate closer together with greater precision, enabling more trains to run on the line, reducing waiting times and supporting growing passenger demand, while maintaining the highest levels of safety and reliability.
The Urbalis Fluence CBTC solution selected for the project uses a train‑centric architecture, with more intelligence onboard to maximise capacity and operational flexibility while limiting infrastructure changes and additional trackside equipment. It is well suited to modernising existing, fully automated metro lines, improving performance while making best use of current assets and enabling phased upgrades aligned with long‑term network strategies.
Alongside the signalling upgrade, the m2 fleet will undergo a major mid‑life modernisation at Alstom’s site in Villeneuve in Switzerland, effectively extending the lifetime of the metro cars. The FlexCare Modernise programme will consist in renewing key onboard systems, notably the train control and monitoring system (TCMS), which will be fully integrated with the new CBTC signalling, as well as in enhancements to interior areas and a refresh of trains’ exterior. Together, these upgrades will unlock higher capacity, improved reliability and a smoother passenger experience, demonstrating Alstom’s capability to deliver complex mid-life modernisation programmes fully integrated with advanced digital signalling systems.
Patricia Solioz Mathys, CEO of TL, emphasises the importance of modernisation: “As Switzerland’s only metro system, m2 is a real success story. The need to modernise the automation systems and increase capacity is crucial for the whole transport network in the Lausanne metropolitan area. We are delighted to be able to rely on Alstom’s expertise and knowledge in carrying out these strategic operations.”
“This modernisation will bring more frequent, more reliable journeys for passengers and help the city meet growing demand with shorter waits and a smoother ride. By pairing our new-generation, train-centric CBTC with a fully integrated mid-life upgrade of the fleet, we are boosting capacity while extending the performance of the existing trains for years to come. We are very happy to engage in this new project with tl and look forward to many years of continuous long-standing collaboration ,” said Marie Icardo, Managing Director of Alstom Switzerland.
The agreement also includes technical support and obsolescence management services, securing reliable operation of the m2 line through the transition period and beyond.
The works will be carefully phased to minimise disruption to daily services. Most installation and testing activities will be carried out during short night time windows, ensuring that passenger services can be maintained throughout the programme. This reflects the brownfield nature of the project, integrating a new generation CBTC system into a fully operational metro line.
About tl
Transports publics de la région lausannoise (tl) design, organise and operate daily public transport services for some 360,000 passengers. Every day, more than 2,000 staff members help to keep the network running. As a key player in the region and a recognised partner of local authorities, the tl contributes to the economic and social development of the Olympic capital.
ALSTOM™, Urbalis Fluence™ and FlexCare Modernise™ are protected trademarks of the Alstom Group.
About AlstomAlstom is the pure rail leader, committed to making rail the backbone of sustainable transport. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 86,000 people in 63 countries, Alstom brings together global expertise and local know-how to make every journey smarter, cleaner and more enjoyable. Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €18.5 billion for the fiscal year ending 31 March 2025.For more information, please visit www.alstom.com
1 This order was booked in the 4th quarter of Alstom’s 2025/2026 financial year. It is the order referred to in the Note to Investors published on 8 April 2026 (“Alstom signs a new Signalling contract in Europe”).
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Alstom S.A. ("Alstom" or the "Company") (OTCMKTS: ALSMY; AOMFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alstom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%. The Company further disclosed that "some large rolling-stock projects have progressed more slowly than anticipated," weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and said that its prior medium-term ambition of adjusted EBIT margin of 8-10% would no longer be met by the end of its next fiscal year.
Following these disclosures, Alstom's stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, May 12, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Alstom S.A. (“Alstom” or the “Company”) (OTCMKTS: ALSMY; AOMFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alstom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%. The Company further disclosed that “some large rolling-stock projects have progressed more slowly than anticipated,” weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and said that its prior medium-term ambition of adjusted EBIT margin of 8-10% would no longer be met by the end of its next fiscal year.
Following these disclosures, Alstom’s stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
13 May 2026 - Alstom, global leader in smart and sustainable mobility, reports financial results for the fiscal year FY 2025/26. Martin Sion, Chief Executive Officer of Alstom, said:
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Alstom S.A. ("Alstom" or the "Company") (OTCMKTS: ALSMY; AOMFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alstom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%. The Company further disclosed that "some large rolling-stock projects have progressed more slowly than anticipated," weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and said that its prior medium-term ambition of adjusted EBIT margin of 8-10% would no longer be met by the end of its next fiscal year.
Following these disclosures, Alstom's stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NEW YORK, May 19, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Alstom S.A. (“Alstom” or the “Company”) (OTCMKTS: ALSMY; AOMFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alstom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%. The Company further disclosed that “some large rolling-stock projects have progressed more slowly than anticipated,” weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and said that its prior medium-term ambition of adjusted EBIT margin of 8-10% would no longer be met by the end of its next fiscal year.
Following these disclosures, Alstom’s stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Information pursuant to article L. 233-8 II of the Code de commerce and articles 223-16 and 223-11 of the AMF General regulation (Règlement général de l’Autorité des marchés financiers)
DateNumber of shares with a nominal value of €7Gross number of
voting rights21 May 2026 462,616,024
462,616,024 About AlstomAlstom is the pure rail leader, committed to making rail the backbone of sustainable transportation. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 87,800 people in 61 countries, Alstom brings together global expertise and multi-local presence to make every journey smarter, cleaner and more enjoyable.
Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €19.2 billion for the fiscal year ending 31 March 2026.
For more information, please visit www.alstom.com.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Alstom S.A. ("Alstom" or the "Company") (OTCMKTS: ALSMY; AOMFF). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether Alstom and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On April 16, 2026, Alstom S.A. announced preliminary unaudited results for the fiscal year ended March 31, 2026. Among other things, the Company disclosed that it manufactured 4,284 cars during the fiscal year and that adjusted EBIT margin stood at around 6%. The Company further disclosed that "some large rolling-stock projects have progressed more slowly than anticipated," weighing on near-term margins and cash. In addition, Alstom disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and said that its prior medium-term ambition of adjusted EBIT margin of 8-10% would no longer be met by the end of its next fiscal year.
Following these disclosures, Alstom's stock price fell sharply, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY TO ANY U.S. PERSON OR ANY PERSON LOCATED IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS PRESS RELEASE.
10 June 2026 – Alstom successfully placed yesterday an inaugural European Green, perpetual and deeply subordinated (‘Hybrid’) Bonds issuance with a principal amount of €700 million, as part of its €1.5 billion Euro Medium Term Notes (EMTN) Programme, published on June 3rd 2026 by the Autorité des Marchés Financiers (AMF).
The bonds bear a fixed rate coupon of 5.25% per annum for the first 5.25 years and a resettable rate every 5 years thereafter. They are direct, unconditional, unsecured, undated and deeply subordinated obligations (titres subordonnés de dernier rang) of the issuer. Moody’s has assigned a 50% equity content to the bonds1 and a Ba2 rating, two notches below Alstom's Baa3 senior unsecured rating.
This first green transaction was multiple times oversubscribed, reflecting strong demand across geographies and investor classes, and supporting further diversification of the investor base.
The proceeds of this transaction will be used to finance and refinance in full the assets and/or expenditures described in the European Green Bond Factsheet, available on Alstom’s website and reviewed by Moody’s, in accordance with the EuGB regulations.
With this inaugural EU Green Bond issuance, Alstom reaffirms its commitment to its Investment Grade rating, while advancing its objective of accelerating the transition to low-carbon mobility and driving sustainable value across its operations and solutions.
The €700 million bond due in October 2026 is expected to be repaid upon maturity.
Credit Agricole Corporate and Investment Bank acted as green structuring bank.
BNP Paribas, Credit Agricole Corporate and Investment Bank, HSBC, and Natixis acted as global coordinators and joint bookrunners for the issuance. Banco Bilbao Vizcaya Argentaria, S.A., Deutsche Bank and Société Générale acted as active bookrunners. Herbert Smith Freehills Kramer acted as legal advisors to Alstom and A&O Shearman as legal advisors to the banks.
About Alstom Alstom is the pure rail leader, committed to making rail the backbone of sustainable transport. We design and deliver a complete range of future-ready solutions – from high-speed and regional trains to metros, monorails, trams, turnkey systems, end-to-end services, infrastructure, signalling and digital rail solutions. With 87,800 people in 61 countries, Alstom brings together global expertise and local know-how to make every journey smarter, cleaner and more enjoyable. Together with our partners and customers, we realise the power of rail. Listed in France, Alstom generated revenues of €19.2 billion for the fiscal year ending 31 March 2026.
For more information, please visit www.alstom.com. Contacts Press:
Charles-Etienne LEBATARD [email protected]
This press release is for information purposes only and is not an offer to sell securities or a solicitation to buy securities in any jurisdiction. The securities mentioned in this press release were not and will not be offered through a public offering and no related documents will be distributed to the public in any jurisdiction. This press release does not constitute an offer or sale of any securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful under the securities laws of any such jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Alstom does not intend to register any of the securities mentioned in this announcement in the United States or to conduct a public offering of securities in the United States. This press release shall not be released, published or distributed directly or indirectly to any U.S. Person or in or into the United States (each as defined in Regulation S under the U.S. Securities Act of 1933, as amended) or in any jurisdiction where it is unlawful to release, publish or distribute this press release.
This press release is an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council dated 14 June 2017 (as amended, the “Prospectus Regulation”). The final prospectus, when published, will be available on the website of the Autorité des marches financiers (www.amf-france.org) and on the website of the Issuer (www.alstom.com).
1 Alstom will account for the bonds entirely as equity under IFRS
