Alstom H1 2026/27 adjusted EBIT margin turns negative at around -4%
- Alstom’s preliminary first-half FY2026/27 adjusted EBIT margin turned negative at around -4% due to project execution issues.
- Sales rose to EUR 9.3 billion, while orders climbed 5% year over year to EUR 11 billion.
- Free cash outflow widened 69% year over year to EUR 1.25 billion, reflecting seasonality.
- The board targeted debt reduction of around EUR 2 billion by September 2027 to maintain a solid investment-grade credit rating.
- FY2026/27 guidance now projects an adjusted EBIT margin around 1% and free cash outflow of EUR 1.5 billion.
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