# Alstom cuts its margin target from 6.5% to 1% over German trains

- By: Bull Run Post Newsroom
- 2026-11-02T11:39:07.000Z
- Produced with artificial intelligence under human editorial supervision.

## Excerpt

The French rail group also expects about 1.5 billion euros of negative free cash flow. Its shares were down about 28% shortly after 11:00 on 2 November, according to AFP. Alstom published preliminary first-half results on 2 November 2026 and cut its full-year adjusted operating margin target from about 6.5% to about 1%. The company now expects free cash flow of about 1.5 billion euros negative and about 4,000 rail cars built, against 4,400 to 4,500 previously, because of problems with its Coradia Max regional trains for Germany. Shares were down about 28% shortly after 11:00 on 2 November, according to AFP; that is a mid-session figure, not the close, and full half-year results are due on 17 November.

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