Alstom Securities Fraud Investigation

Pomerantz LLP is investigating Alstom S.A. for alleged securities fraud and unlawful business practices. This investigation follows Alstom's announcement of preliminary unaudited results for the fiscal year ended March 31, 2026, which revealed that the company manufactured 4,284 cars, had an adjusted EBIT margin of around 6%, and experienced slower-than-anticipated progress on large rolling-stock projects. Alstom also disclosed free cash flow of approximately €330 million, withdrew its three-year cumulative €1.5 billion free cash flow guidance, and stated that its medium-term ambition of an 8-10% adjusted EBIT margin would not be met. These disclosures led to a sharp decline in Alstom's stock price, damaging investors.