Alstom : After a solid H1, a slight upward revision to our EPS and target price
>More favourable momentum on new orders and higher margins - H1 has ended with order intake of close to € 1bn, beating our forecast. This should help to fuel future growth, our estimates for which we have slightly adjusted up. These orders concern many smaller-scale projects in services and maintenance that generate good profitability in the medium term. The margin on the backlog has also improved, according to management. The adjusted EBIT margin beat our forecasts b...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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