Alstom : A reassuring Q3 2021-22, a well-stocked order pipeline and positive FCF confirmed for H2
>Q3 reflects strong order momentum - Alstom reported its Q3 2021-22 results yesterday morning (see our first take published yesterday). Orders stood at € 4.6bn, bringing book-to-bill to 1.17x (1.26x over 9M). The group highlighted that it had a healthy gross margin for order intake. Europe is the region that posted the strongest momentum in terms of orders, notably with HS2 in the UK (£ 1.97bn) and maintenance for the Bucharest metro (€ 500m), regional trains (Ir...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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