Report
Delphine Brault

Alstom : Our H1 estimates expect figures in line with investor expectations

>H1 in restart mode with BT - For H1 we expect order intake of € 9.9bn, of which € 3.5bn in fiscal Q2, revenue of € 7,421m (c.18% organic growth) and adjusted EBIT of € 310m (4.2% margin). The rail market is still suffering from lower traffic, which slows order assignments and thus production. As services are directly linked to the number of trains x km travelled, this business (which is very profitable) continues to suffer. We have seen gradual traffic improvement, b...
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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