{
  "id": 17765753,
  "title": "Earnings call transcript: Alstom’s H1 2026 profit slump deepens on Coradia woes",
  "url": "https://urgent.news/2026/11/02/earnings-call-transcript-alstoms-h1-2026-profit-slump-deepens-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T07:49:16.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-alstoms-h1-2026-profit-slump-deepens-on-coradia-woes-93CH-4990081"
  },
  "original_language": "en",
  "account": "Alstom announced a significant decline in profitability for the first half of fiscal 2024-25 due to issues with its Coradia Max train platform, which pushed adjusted EBIT margin to about negative 4% from positive 6.4% a year earlier and prompted a reduction in full-year guidance. Despite a 3% rise in sales to 9.3 billion euros, free cash flow was negative 1.2 billion euros, and management now expects a full-year free cash flow loss of 1.5 billion euros. The stock fell 2.12% to $15.73, nearing the bottom of its 52-week range. Adjusted EBIT margin decreased by approximately 10 percentage points, mainly due to Coradia Max and related concerns in Central and Northern Europe. Full-year car production guidance was cut to around 4,000 units from 4,400 to 4,500. Management acknowledged the Coradia Max problems, concentrated in six projects worth about 5 billion euros in backlog, as a major challenge. To address liquidity concerns, Alstom introduced a new 2 billion euro credit facility and holds 1.6 billion euros in cash. Despite overall revenue growth, the margin collapse overshadowed top-line progress, highlighting the need for swift action from management.",
  "summary": null,
  "key_points": [
    "Alstom's H1 2024-25 profit drops significantly due to Coradia Max issues",
    "Adjusted EBIT margin falls to about negative 4% from positive 6.4% previously",
    "Full-year free cash flow expected to be 1.5 billion euros loss"
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/17765753.png",
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Financial Times",
        "title": "Alstom shares tumble 26% after train maker cuts profit forecast",
        "url": "https://urgent.news/2026/11/02/alstom-shares-tumble-26-after-train-maker-cuts-profit-forecast",
        "published": "2026-11-02T08:16:32.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}