Strong Order Intake and Revenue Growth
Orders reached €19.8 billion with a book-to-bill ratio of 1.1, and sales were ahead of plan at €18.5 billion, representing 6.6% organic growth.
Improvement in Adjusted EBIT and Free Cash Flow
Adjusted EBIT reached nearly €1.2 billion, up 18% year-on-year, with a margin of 6.4% compared to 5.7% last year. Free cash flow was at €502 million, at the top of the guided range.
Increased Backlog Margin
Backlog margin improved to 17.8%, back to pre-merger levels, reflecting quality order intake and a favorable mix towards Services and Signalling.
Significant Progress in Services and Signalling
Services order book-to-bill was at 1.8 with orders exceeding €8 billion, and Signalling showed strong growth with major investment decisions in key geographies.
Successful Integration of Bombardier Transport
The integration is complete, with mobilization around an ambitious plan to improve industrial efficiency, including a transformation plan in Germany.
Reduction in Scope 1 and 2 Emissions
Scope 1 and 2 emissions were reduced by 8% compared to last year, achieving a 40% reduction since '21-'22, more than five years ahead of target.