ALSTOM S.A: Alstom’s first quarter 2026/27: Priority on execution. Several operational milestones achieved. FY 2026/27 outlook confirmed

Alstom reported Q1 2026/27 sales of €4,734 million (up 4.9% organically) with orders of €2,560 million, down 37% year-over-year. The company achieved key operational milestones including TGV-M homologation, multiple train commissioning events, and strong commercial momentum in Africa/Middle East/Central Asia. Despite lower orders, Alstom confirmed its FY 2026/27 outlook with expected 5% organic sales growth, 4,400-4,500 car production, and ~6.5% adjusted EBIT margin, while prioritizing execution improvements and procurement savings.