Alstom (ALO FP) withdraws three-year FCF guidance; prelim FY25/26 revenue EUR 19.2bln (exp. 19.0bln)

Alstom's withdrawal of its three-year free cash flow guidance signals potential uncertainty in its operational outlook, which could weigh on investor sentiment. However, the preliminary revenue figure for FY25/26 slightly beats expectations, suggesting some underlying strength despite the guidance pullback. Traders should watch how this plays into the company's valuation and its impact on the broader sector sentiment in construction and heavy transportation as well.