Alstom SA (ALSMY) Q3 2026 Sales/Trading Call Transcript

Core Insights - Alstom recorded EUR 20 billion in orders for the first nine months of fiscal year 2025 and 2026, with a book-to-bill ratio of 1.4, which accelerated to 2 in the third quarter, leading to a backlog of EUR 100.3 billion, an increase from EUR 96 billion at the end of September [2]. Group 1: Orders and Sales Performance - The Americas are on track for their best year ever in terms of commercial momentum, with significant orders from Mexico and Canada this quarter, in addition to large orders from New York and New Jersey booked in the first half [2]. - Europe remains the largest contributor to Alstom's orders, supported by numerous rolling stock options being exercised in France and first-time orders in Central and Eastern Europe [3].