ALSTOM: The board has approved the updated Alstom in Motion 2025 strategic plan, which focuses on capturing strong market growth opportunities, reinforcing innovation leadership, driving efficiency and ensuring the successful integration of Bombardier Transportation.
The Alstom in Motion strategy was first announced in 2019. Its priorities are:
- growth by offering greater value to customers;
- innovation by pioneering smarter and greener mobility for all;
- efficiency at scale, powered by digital;
- One Alstom team agile, inclusive and responsible.
Announcing the AiM2025 update on July 5, the company said it expected to grow ‘significantly’ faster than the market through to 2024-25, with sales growth of more than 5% CAGR and its global market share increasing by 5 percentage points.
Signalling and services are expected to continue to have the fastest growth potential; Alstom says it aims to be the market leader in signalling by 2025. R&D will be significantly reinforced, with investment of €550m to €600m per year in 2024-25 equivalent to around 3% of sales.
‘Our Alstom in Motion 2025 strategy is our answer to the historical acceleration of sustainability and green mobility need all over the world’, said Chairman & CEO Henri Poupart-Lafarge. ‘We have a clear ambition, the most comprehensive and innovative portfolio and highly engaged teams across the world. By 2025 we will have outgrown the rail industry significantly and set new industry standards for smart and green mobility in terms of sustainability, innovation, and profitability.’
