Alstom : Grâce à un contrat record en Allemagne, Alstom défie la morosité du marché boursier

Alstom : Grâce à un contrat record en Allemagne, Alstom défie la morosité du marché boursier

(BFM Bourse) – The Baden-Württemberg transport authority has ordered 130 Coradia Stream regional train sets from the French group for 2.5 billion euros, excluding a potential increase since an option has been taken to go up to 100 additional trains.

After finishing slightly in the red (-0.72%) in April, thereby signing a fifth monthly decline in a row, Alstom begins May on a more encouraging note. Carried last Tuesday by an analysis of Citi, in the purchase upstream of the publication on May 11 of the results of the financial year 2021-2022 (closed at the end of March), the title benefits from a new current of purchase Monday at the announcement of a major order, the largest ever won by the group in Germany.

The French rail transport champion has just been awarded a contract to supply 130 Coradia Stream regional high-capacity double-decker trains from Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) for the Baden-Württemberg network in Germany.

In addition to the delivery of the equipment, Alstom was awarded a maintenance contract for a period of 30 years. Worth nearly 2.5 billion euros for the first 130 trains and their maintenance for 30 years, this is the largest order placed with Alstom to date in Germany. Additionally, the order comes with an option to order up to 100 additional trains.

“This contract undoubtedly marks an important step in the cooperation between Alstom and the Land of Baden-Württemberg. State-of-the-art trains like the high-capacity Coradia Stream are the best answer to the growing need for sustainable mobility solutions in Germany. “, said Müslüm Yakisan, President of Alstom Germany, Austria and Switzerland. “I am personally extremely happy that our high-capacity train concept has convinced the SFBW and that Alstom has been chosen as the preferred partner for the future of mobility in Baden-Württemberg. This decision is proof that our sustainable solutions and smart vehicles optimally meet the current and future needs of regional mobility in Germany”.

Energy efficient trains

While commending the level of performance and comfort of the trains in question, Baden-Württemberg Transport Minister Winfried Hermann also underlined that Alstom was committed to ensuring the “flawless” daily operational capability of the trains as part of the so-called ‘life cycle’ model (LCC model). “We have also ensured that, although these very powerful trainsets can reach speeds of 200 km/h, at the same time we obtain particularly energy-efficient vehicles. Alstom will be responsible for meeting the energy consumption criteria during throughout the duration of the contract,” said Winfried Hermann.

In total, Alstom has won orders for more than 730 trains based on the Coradia Stream range so far, including in Italy, Luxembourg, the Netherlands, Germany, Denmark and Spain.

In an adverse market on Monday, Alstom shares benefited from the gain of this new contract, climbing 3.13% to 23.03 euros, reflecting a capitalization of 8.6 billion euros. It is one of the few shares to float on Monday, when at the same time the CAC 40 fell by 1.8%.

Guillaume Bayre – ©2022 BFM Bourse

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