Alstom cancels financial targets due to delays and impacts on profits from railway project.

Alstom has withdrawn some financial guidance for the current fiscal year. The new CEO, Martin Sion, pointed out that slow progress in key railway vehicle projects is the main reason. The French train manufacturer has canceled its previous targets, including achieving a cumulative free cash flow of 1.5 billion euros by the end of the current fiscal year in March 2027. Additionally, the company is also unable to reach the target of a adjusted EBIT margin of up to 10% during this period.