Alstom recorded a sales revenue of over 16.5 billion euros in the 2022-2023 financial year. The acquisition of Bombardier lead to Alstom becoming one of the leading rolling stock manufacturers in Europe in 2019, combining its market shares of 16 percent to Bombardier’s 28 percent. Alstom’s workforce worldwide also rose in 2023 to over 80,000 employees as Bombardier Transportation’s personnel was included in the company.
Covid-19 pandemic financial impactRolling stocks represented over half Alstom’s global revenue in 2022, making it the largest segment of the company. While the company had a revenue increase of over 6.6 percent between the 2020/21 and 2022/23 financial years, its earnings before interest and taxes increased by over 100 million euros during that same period. This is in part due to the continuing economic recovery after the fiscal fallout caused by Covid-19 pandemic, which impacted rolling stock manufacturing in part through an overall drop in demand and price increases of primary material. Total order backlog climbed from 81.01 to 87.39 billion euros, with rolling stocks climbing by 89 percent. Similarly, order intake increased by over 1.4 billion euros in the 2022/23 fiscal year. Representing over 61 percent of orders, Europe was the leading market for the company.
The European market leaderThe global rolling stock market value is projected to reach some 64.3 billion U.S. dollars in 2025 (around just under 54 billion euros). Multiple units were the most popular type of rolling stock in Europe, making up over a quarter of the market in 2023, compared to metro units. That same year, Alstom was one of the European market leaders in multiple unit trains, holding 39 percent of the worldwide market.
CRRC Corporation was the market leader in metro rolling stock. In 2022, around 6,300 rapid transit and metro units were sold by the China-based company. Stadler remained one of the European leaders for multiple unit train manufacturing. In 2022, the latter generated around 2 billion euros in revenue of rail activities, compared to Alstom’s 16.5 billion euros. Alstom’s acquisition of Bombardier has lead the company to become a key player in global rolling stock manufacturing, behind the CRRC.