ALSTOM Business Summary

Alstom (AOMFF) is a global leader in the rail transport industry, operating an integrated business model that generates revenue through four primary segments: Rolling Stock (approx. 51%), Services (24%), Signaling (14%), and Systems (11%). The company specializes in the design, manufacture, and maintenance of high-speed trains, metros, monorails, and trams, while increasingly pivoting toward high-margin digital mobility and green traction solutions. As of early 2026, Alstom maintains a robust backlog of approximately €100 billion, driven by large-scale infrastructure projects and long-term maintenance contracts that provide high revenue visibility. Its primary direct competitors include Siemens Mobility, CRRC Corporation Limited, Hitachi Rail, and Stadler Rail; Alstom currently maintains its position as the world’s second-largest rail manufacturer by revenue, holding a dominant market share in Europe and a growing footprint in the Americas and Asia-Pacific. Originally founded in 1928 through the merger of Société Alsacienne de Constructions Mécaniques (SACM) and Compagnie Française Thomson-Houston (CFTH), Alstom is currently led by CEO Henri Poupart-Lafarge, who has overseen the company’s globalization and the pivotal 2021 acquisition of Bombardier Transportation. In a planned leadership transition, Martin Sion—formerly CEO of ArianeGroup and a veteran of Safran Electronics & Defense—has been appointed as the incoming CEO, effective April 1, 2026. The executive team is further bolstered by CFO Bernard-Pierre Delpit and COO Danny Di Perna, both of whom bring extensive industrial and financial expertise. Notable institutional support includes the Caisse de dépôt et placement du Québec (CDPQ), which remains the company’s largest shareholder with a roughly 17.5% stake, alongside significant investment from the French industrial group Bouygues.