Alstom Unsp/Adr (ALSMY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the LSTOM full year results for fiscal year 2024-2025. My name is Laura and I will be your coordinator for today's event. Please note this call is being recorded and for the duration of the call, your lines will be on listen and remote. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your questions. If you require assistance at any point, please press star zero and you will be connected to an operator. Today, we have Henri Poupal-Lefarge, CEO, and Bernard Delpit, Executive VP and CFO, as our presenters. I will now hand you over to your host, Henri Poupal-Lefarge, to begin today's conference. Thank you. Thank you. Good morning, everyone. Welcome to Alstom's results for the fiscal year 24-25. So I will start by a few highlights and then Bernard with me will walk you through the full year results. I will go through our outlook and guidance before taking your questions at the end. So let's start with the key figures. So orders came at 19.8 billion euros for the year, with a strong momentum in small orders during the fourth quarter. So book-to-bill came at 1.1 for the year, in line with our guidance. Sales came actually ahead of the plan at 18.5 billion euros, an equivalent of 6.6% organic growth. Adjusted EBIT was close to 1.2 billion euros, up 18% on a year-on-year basis. This represents a 6.4% margin compared to 5.7% last year, in line with our guidance. Free cash flow at €502 million came at the top of the guided range and for the third semester in a row, with €640 million free cash flow generation in the second half, despite a low order intake in rolling stock and systems over the same period. The strong set of numbers reflects the continuous ...