April 17 (Reuters) - Alstom shares are expected to fall between 10% and 15% on Friday, traders said, after the train maker pulled its medium-term forecast and reported preliminary results for the 2025/26 fiscal year the night before.
The French rail manufacturer said it now expects to generate "positive" free cash flow by the end of fiscal 2026/27, withdrawing its previous cumulative FCF target of 1.5 billion euros over a three-year period. It expects a cash outflow of about 1.5 billion euros in the first half of the year that started on April 1.
Alstom is one of the world leading manufacturers of infrastructures for rail transport sector. Net sales break down by family of products and services as follows:
- rolling stocks (51.1%): trains, tramways and locomotives;
- railway services (24.3%): maintenance, modernization, management of spare parts, support and technical assistance services;
- signaling, information and control systems (14.3%);
- railway infrastructures (10.3%): infrastructures for the track laying, lines electrical power systems, electromechanical equipment, telecommunication devices and traveler information in station, terminals for automatic purchase of tickets, access to escalators, lifts for disabled, automatic landing doors on platforms, ventilation, air conditioning and lighting systems).
Net sales are distributed geographically as follows: France (17.1%), Europe (39.6%), Americas (19.8%), Asia/Pacific (14.5%) and Middle East/Africa/Central Asia (9%).
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