Alstom : 2022-23 objectives higher than forecast. Investor day held today
>Ambitious financial objectives for 2022-23 - Alstom has announced the following objectives this morning: 1/ over the period running from 2019-20 to 2022-23, average annual sales growth of around 5%; 2/ an adjusted EBIT margin of approximately 9% in 2022-23; 3/ conversion from net income to free cash flow of above 80% by 2022-23; 4/ disciplined policy for investment and external growth to create value; and 5/ the introduction, as of the current fiscal year, of a divid...Alstom serves the power generation and transmission markets, and rail transport market. Co.'s activities are divided into four sectors: the Thermal Power Sector (Co. offers power generation solutions using gas or coal to services including plant modernization, maintenance and operational support); the Renewable Power sector offers EPC solutions, turbines and generators, control equipment and maintenance for Hydropower and Wind power activities; the Grid Sector designs and manufactures equipment and turnkey solutions to manage power grids and transmit electricity from the power plant to the large end-user; and the Transport Sector provides rail transport products, systems and services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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