Alstom : A good end to the year anticipated in terms of order intake, sales and FCF; debt and restructuring expensive
>FY 2023-24: good H2 FCF anticipated, in line with announcements - We think that the group will achieve a good end to the year, in terms of order intake, sales and FCF. However, results are likely to be penalised by Aventra, the closure of Derby (factory in the UK) and financial charges. Order intake in Q4 should reach € 4.6bn, of which € 2.1bn in major orders (including metros in France and Abidjan - € 800m and € 500m - and a tram project in Saudi Arabia - € 500...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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