€100 Billion! Alstom’s Global Orders Double

On January 20, 2026, global rail transport giant Alstom released its financial results for the third quarter (October–December 2025) of the 2025/26 fiscal year, reporting robust performance across key metrics. Quarterly orders surged by 100% year-on-year to €9.6 billion, while sales reached €4.8 billion, marking a 2.6% increase, with organic sales growth rising 5.9% after adjusting for currency effects. For the first nine months of the fiscal year, the group’s cumulative orders exceeded €20 billion, with sales totaling €13.9 billion. As of December 31, 2025, the order backlog stood at a substantial €100.3 billion, laying a solid foundation for long-term sustainable growth.

Henri Poupart-Lafarge, Chairman and CEO of Alstom, stated that the successful landing of a series of major contracts demonstrates the group’s global leadership in the scaled delivery of innovative and sustainable rail transport solutions. Milestones such as the official launch of the next-generation MF19 metro in Paris and the successful delivery of metro and signaling projects in India further validate Alstom’s exceptional capability in executing complex projects across regions, strongly supporting the steady achievement of its full-year performance targets.

In terms of order composition, the Rolling Stock business accounted for 63% of total orders in the third quarter, continuing to reinforce its role as the core competitive segment. Simultaneously, the Signaling and Services businesses showed significant growth momentum, reflecting strong market demand for integrated “rolling stock + signaling + full lifecycle services” solutions.

Notable orders were secured across key global markets: In Europe, the group won a contract for 42 Coradia Max trainsets along with a 30-year maintenance agreement in Poland (valued at €1.6 billion) and secured additional regional train orders in Germany (€0.5 billion). In France, Alstom was awarded an order for 45 Avelia Horizon high-speed trainsets from Eurostar and SNCF (€2 billion), a model set to become the first double-deck high-speed train to cross the English Channel. In overseas markets, the group successfully secured projects including a €0.92 billion train supply contract in Mexico, a €1 billion automated metro system contract in Melbourne, Australia, an order for 70 metro cars in Toronto, Canada (€1.4 billion), and a contract for 23 EMUs in Greece (€0.393 billion).

The strong performance was driven by the synergistic efforts of all business lines. In the first nine months, Rolling Stock sales amounted to €7.204 billion, with organic growth of 6%; Services sales reached €3.414 billion, organically growing by 9%; the Signaling segment performed particularly strongly, achieving 13% organic sales growth.

With the accelerated rollout of global projects—including the operational launch of the MF19 metro in Paris, the localized delivery of the Bhopal metro in India, the commencement of passenger service for Toronto light rail vehicles, and the capacity expansion of the production site in Morocco—Alstom continues to strengthen its global footprint and technological edge, injecting sustained momentum into its position as a global leader in the rail transport industry.