Alstom has reported a net loss (group share) of 309 million euros for its 2023-24 financial year, but adjusted operating income up 17% to 997 million, representing a margin improvement of 0.5 points to 5.7%.

The transportation equipment supplier posted sales of 17.6 billion euros (+9.4% organic) and booked 18.9 billion orders (-6.9% organic), taking its order backlog to 91.9 billion at the end of March.

With a negative free cash flow of 557 million euros (but within the high range of the revised target), Alstom states that its Board of Directors will not propose a dividend for 2023-24.

For the 2024-25 financial year, the French group is targeting an 'orders to sales' ratio above one, organic sales growth of around 5%, an adjusted operating margin of around 6.5% and free cash flow of 300 to 500 million euros.

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