Report
Delphine Brault

Alstom : Le titre est sous pression – et redevenu peu cher

>Un titre sous pression depuis le CMD - Avant le CMD du 5 juillet, le titre se traitait généralement entre 42 € – 47 €, puis a connu deux chutes brusques. La première était induite par la nouvelle guidance donnée lors du CMD, la seconde est récente et dure encore. En juillet, Alstom a notamment indiqué que le FCF consolidé au S1 (avril – sept.) doit être négatif de 1.6 Md€ – 1.9 Md€, puis redevenir positif au S2 (montant non précisé). Ceci inclut des sorties de cash l...
Underlying
Alstom SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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