Alstom : Le plan de renforcement de bilan fait sens, reste maintenant à l’exécuter (ce qui est aussi le cas des contrats)
>Un FCF négatif de plus de 1 Md€ au S1, comme pré-annoncé - Cf. notre first take hier pour plus de détails. Les commandes atteignent 8.4 Md€ (book-to-bill 1.0x). Le CA progresse de 8.8% en organique, dont 6% pour le matériel roulant, 14% pour les services et 12% pour la signalisation. La marge d’EBIT ajusté atteint 5.2% (+30 pb) dont 80 pb d’impact négatif lié au contrat Aventra (RU). Comme pré-annoncé, le FCF est très négatif, à -1 119 M€, pénalisé par les niveaux d...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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