Strong Sales Growth and Improving Profitability in Alstom's Full-Year Results; FVE Raised to EUR 40
Alstom reported full-year results ahead of our and market expectations, with revenue of EUR 8 billion, up 9% year on year on a reported basis and up 10% organically. The firm booked a strong level of orders in 2018 of EUR 7.1 billion. Due to difficult comparables, however, this was a 27% decrease on the year-ago period, which included major contracts wins like Amtrak in the United States for a new generation of high-speed trains and the extension of the Dubai Metro’s Red Line. Order intake in 20...
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