Alstom shares plunge 30% after second outlook cut on German project delays
Briefing by News4U · First published
RTÉ Business reported that French train maker Alstom cut its full-year adjusted core profit margin forecast to around 1% from 6.5% and now expects a €1.5 billion free cash flow outflow, after reporting a -4% margin in the first half, citing technical issues and certification delays on the Coradia Max regional train programme in Germany; the company also lowered its annual production target to around 4,000 rail cars and organic sales growth to low to mid-single-digit percent, launched a plan to reduce debt by around €2 billion, and saw its shares plunge 30% in Paris trading. [1]
Sources
- Alstom plunges as it slashes outlook second time in 2026
RTÉ Business · · Full text