Industry Revenues:

• Rail vehicles: approx. 70%
• Signaling technology: approx. 20%
• Services (maintenance and modernization): approx. 10%

TOP 3 Markets:

• Europe: approx. 45%
• Asia-Pacific: approx. 25%
• North America: approx. 20%

Alstom SA generates the majority of its revenues from the manufacturing of rail vehicles, including trains and trams. Signaling technology, essential for control and safety in rail transport, also significantly contributes to the income. Services such as maintenance and modernization of existing vehicles and facilities make up the rest of the revenues.

Geographically, Europe is the largest market for Alstom, attributed to its strong presence and numerous infrastructure projects in this region. Asia-Pacific and North America follow, with significant investments also being made in the expansion and modernization of rail infrastructure in these regions.

Production sites of Alstom SA:

1. France - Alstom has several significant production sites in France, including in Belfort, La Rochelle, and Valenciennes.
2. Germany - Important locations are in Salzgitter and Mannheim.
3. Italy - Alstom operates plants in Savigliano and Bologna.
4. Spain - Production sites are located in Barcelona and Madrid.
5. Poland - A significant site is in Chorzów.
6. India - Alstom has plants in Sri City and Coimbatore.
7. USA - Production sites are in Hornell and Rochester, New York.
8. Brazil - An important location is in Taubaté.
9. China - Alstom operates joint ventures and production sites in Qingdao and Shanghai.

Alstom SA is a globally active company that produces its products in various countries worldwide. The production sites are strategically distributed to efficiently serve the demand in the respective markets. These locations specialize in the manufacturing of rail vehicles, signaling technology, and other transportation solutions.

Revenue growth: 7% (2024) R&D investments: 4.5% of revenue (2024)

Alstom SA pursues a growth strategy that heavily focuses on innovation and sustainable mobility. The company continuously invests in research and development to expand its product range and integrate new technologies. These investments account for approximately 4.5% of revenue, enabling Alstom to remain at the forefront of technological developments in the rail transport sector.

Another key focus is on geographical expansion, particularly in high-growth markets such as Asia and North America. Alstom plans to strengthen its presence in these regions through strategic partnerships and local manufacturing capabilities.

Additionally, Alstom is leveraging digitalization of its offerings to provide more efficient and environmentally friendly solutions for rail transport. This includes the development of digital platforms for fleet management as well as the implementation of AI-driven maintenance solutions.

Key Commodities: Steel, Aluminum, Copper

Countries of Origin:

• Steel: China, Germany
• Aluminum: Canada, Russia
• Copper: Chile, Peru

Alstom SA, a leading provider of mobility solutions, imports a variety of commodities essential for the production of trains and other means of transportation. Steel is one of the main commodities sourced mainly from China and Germany, as these countries are significant steel producers.

Aluminum, valued for its lightweight and corrosion-resistant properties, is primarily imported from Canada and Russia. These countries are known for their extensive aluminum resources and productions.

Copper, an essential component for electrical systems in trains, is predominantly imported from Chile and Peru, as these countries host some of the world's largest copper mines.

Market share in rail transport: 18% (2024)
R&D investments: 700 million euros (2024)
Order backlog: 85 billion euros (2024)

Alstom SA has a significant competitive advantage in the global rail transport market, especially due to its strong market position and high order backlog. With a market share of 18%, Alstom is one of the leading companies in the industry. This is supported by continuous investments in research and development, which amounted to 700 million euros in 2024. These investments enable Alstom to offer innovative technologies and sustainable solutions that meet the requirements of modern mobility.

The high order backlog of 85 billion euros secures long-term revenues for Alstom and strengthens its position against competitors. Additionally, the company benefits from strategic partnerships and a global presence, allowing it to operate flexibly in various markets and respond to local needs. Together, these factors give Alstom a strong and sustainable competitive advantage.

Institutional Investor Share: 65% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

The institutional investor share in Alstom SA is estimated to be around 65%. This reflects the confidence of major investment funds and institutional investors in the company's long-term performance.

Regarding insider transactions, there were no significant buys or sells in the last year, which could indicate a stable trust of the management in the current company strategy and performance. This stability can be a positive signal for potential investors.

Market Share of Alstom SA: 15% (2025, estimated)

Top Competitors and Market Shares:

1. Siemens Mobility: 18%
2. Bombardier Transportation (part of Alstom): 15% (integrated into Alstom)
3. CRRC Corporation Limited: 20%
4. Hitachi Rail: 12%
5. Stadler Rail: 8%
6. CAF (Construcciones y Auxiliar de Ferrocarriles): 7%
7. Kawasaki Heavy Industries: 5%

Alstom's Economic Moat:

Alstom SA has a significant economic moat due to its strong market position in Europe and the integration of Bombardier Transportation, which has significantly expanded its product range and geographic reach. This integration has helped Alstom leverage synergies and strengthen its innovation capabilities.

Compared to other companies, Alstom has an advantage with its strong presence in sustainable mobility solutions and its advanced technologies in the field of rail systems. The focus on environmentally friendly technologies and the development of hydrogen trains are crucial factors that give Alstom a competitive edge.

However, CRRC Corporation Limited has a larger market share, especially due to its dominance in the Asian market. Siemens Mobility is also a strong competitor with a broad portfolio and a strong presence in the digitalization of rail systems.

Overall, Alstom has a significant economic moat, but they must continuously invest in innovations to keep pace with technological advancements and market dynamics.

Revenue Growth: 7.5% (2024) Order Backlog: 85 billion euros (2024) R&D Expenses: 4.5% of revenue (2024)

Alstom SA recorded a revenue growth of 7.5% in 2024, driven by strong demand for rail vehicles and infrastructure projects. The order backlog of 85 billion euros indicates a solid long-term business outlook and secures future revenues.

The company invests 4.5% of its revenue in research and development, signaling a strategic focus on innovation and technological advancements. These investments could help Alstom strengthen its market position further and explore new business opportunities.

Overall, these factors suggest that Alstom SA is pursuing a stable growth strategy, potentially making the stock a good investment, especially for investors interested in long-term infrastructure projects.

Dividend payment: 0.25 EUR per share (2025)

Dividend yield: 1.8% (2025)

Alstom SA distributed a dividend of 0.25 EUR per share in 2025. The dividend yield is 1.8%, which can be considered moderate compared to other companies in the industry.

The reliability of Alstom's dividend payment depends on several factors, including the financial stability of the company, cash flow generation, and strategic investments. Historically, Alstom has followed a relatively consistent dividend policy, but economic fluctuations and investment needs can influence the payout.

Analysts view Alstom's dividend as sustainable as long as the company continues to deliver solid results and strengthen its market position. However, investors should regularly review the company's financial situation and strategic decisions.