Alstom Unsp/Adr (ALSMY) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to Alstom third quarter orders and sales for fiscal year 2025 and 2026. My name is George, and I'll be your coordinator for today's event. Please note, this conference is being recorded, and for the duration of the call, your lines will be in the listen-only mode. However, you have the opportunity to ask questions toward the end of the presentation, and this can be done by pressing star 1 on your double G pad to register your question. If you require assistance at any point, please press star zero and you will be connected to an operator. And I'd like to call over to your host today, Mr. Bernard Delpy, Executive Vice President and CFO. Please go ahead, sir. Good evening, everyone. Thanks for joining the group's orders and sales update for the third quarter of this fiscal year, 2526. Let's start with the orders on slide three. Alstom recorded 20 billion euros of orders in the first nine months. The book-to-bill ratio was 1.4, accelerating to 2 in the third quarter. As a result, the backlog reached 100.3 billion euros up from 96 at the end of September. Some color by region and product lines. The Americas are on track for the best year ever in terms of commercial momentum, with orders in Mexico and Canada this quarter adding to the large orders in New York and New Jersey booked in the first half. Europe remains the largest contributor, supported by numerous rolling stock options being exercised in France, as well as first-time orders in Central and Southern Europe. The order intake for services accelerated in the third quarter, with several large rolling stock contracts being bundled with maintenance, like for instance PKP in Poland, Baden-Württemberg in Germany, in Mexico, and in Greece. Systems also got its fair share of order intake, thanks to the...