
The French railway manufacturer is plunging due to production difficulties for its Coradia Max trains and is sharply revising its financial forecasts.
Alstom shares collapsed by more than 30% on the Paris Stock Exchange following a second profit warning linked to production difficulties for Coradia Max trains.
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Alstom is facing production difficulties for its Coradia Max trains for Germany, leading to a major revision of its financial targets.
Alstom shares collapsed by more than 30% on Monday morning on the Paris Stock Exchange, after the French railway manufacturer's second profit warning this year, linked to production difficulties for its Coradia Max trains intended for Germany.
Around 9:25 a.m., the stock tumbled 31.06%, to 10.90 euros. Since January, it has fallen more than 55%. After a first revision of its results forecasts in April, the group now forecasts for its staggered 2026-2027 financial year an adjusted operating margin of around 1%, compared to around 6.5% previously.
Alstom expects to produce a total of around 4,000 cars in the current 2026-27 financial year, compared to 4,400 to 4,500 previously expected. In April, the group had already lowered its performance objectives, due to its execution difficulties, just after the arrival of new management led by Martin Sion, who succeeded Henri Poupart-Lafarge. These two warnings on successive results in a few months “will not help restore confidence”, analysts at the broker Oddo BHF stressed on Monday morning. Alstom also wants to reduce its debt by around 2 billion euros by September 2027. According to Oddo BHF, the group could continue its disposals, increase its capital or issue debt. It thus seeks to maintain with the rating agencies the “investment” category of their classification, that of borrowers deemed the safest.
The group also announced on Monday an upcoming change to its organization, with decisions expected “in the second quarter of 2027”.
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Continued disposals or capital increase to reduce debt
Likely · Within months

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Alstom is going through a new crisis after the announcement of a profit warning and a fall of more than 25% in its stock market share. Operating margin fell to -4% due to execution issues on the Coradia Max train in Germany.

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