Alstom

Alstom Q1 sales rise; milestones hit globally

Alstom posted first-quarter 2026/27 sales of €4.734 billion, up 4.9% year-on-year, with orders of €2.56 billion and a book-to-bill of 0.5x, backing a backlog of €102.8 billion as it reiterates guidance for roughly 5% organic revenue growth and a 6.5% adjusted operating margin this year. Management stressed stronger execution and milestones such as the TGV-M homologation, with a plan to lift margins toward 8–10% and to outline medium-term ambitions at the Capital Markets Day in early 2027.