Alstom: H1 adjusted net income up 28%

(CercleFinance.com) - Alstom has reported H1 sales of E8775m to 30 September, up 3.
9% as reported (+5.6% organic).

Adjusted operating income came to E515m, up 17.6% on a reported basis, with an adjusted operating margin of 5.9% (vs. 5.2% y-o-y).

H1 adjusted net income came to E224m, compared with E174m a year earlier, up 28%.

FCF came to -E138m, compared with -E1,119m a year earlier.

At end-September, the company had received orders worth E10,950m (+30% in organic terms), taking the order book to E94,369m (+3.2% in organic terms).

Demand remains robust, supported by green mobility policies, and is proving resilient in the face of geopolitical tensions, and we have achieved a solid commercial performance in this H1, commented Henri Poupart-Lafarge, Alstom's CEO.

For FY 2024/25, Alstom expects organic sales growth of around 5%, an adjusted operating margin of around 6.5% and free cash flow generation between E300m to E500m.


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