Alstom Unsp/Adr (ALSMY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Alstom's first quarter fiscal year 2025-26 orders and sales call. My name is Saskia and I will be your coordinator for today's event. Please note that this conference is being recorded and for the duration of the call, your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star one on your telephone keypad to register your question. If you require assistance at any point, please press star zero and you will be connected to an operator. I will now hand you over to your host, Bernard Delpitte, Executive VP and Chief Financial Officer. Please go ahead, sir. Good morning. Thank you and welcome to this conference call to discuss orders and sales for the first quarter. Starting with order intake on slide 3, we recorded 4.1 billion euros of orders in the first quarter, up 12% compared to the same period last year. Book-to-bill was 0.9 for the quarter. Considering adverse FX movements, This brings backlog to 92 billion euros at the end of June, down from 95 at the end of March. From a regional perspective, Europe is again leading with large orders in France and in Bulgaria. The group enjoyed strong commercial momentum in rolling stock with two large orders in and a book-to-bill of one, on track to deliver full guidance of book-to-bill above one. The signaling business is also off to a good start, with contracts in Italy, Brazil and Taiwan. We recorded 1.7 billion euros of base orders in the first quarter, which is consistent with the 1.5 to 2 billion euro range we've seen in recent years. Turning to slide 4, with a focus on the two large orders awarded in the quarter. First, we will provide Coradia Stream regional trains to Bulgaria, together with maintenance for a t...