Report
Delphine Brault

Alstom : Preview résultats annuels (12 mai) et chiffres combinés pour la Newco : un groupe très prometteur

>Prévisions ajustées pour mars 2021 avec 2 mois de BT - Bombardier Transport (BT) a été consolidé durant février et mars 2021, ajoutant du CA mais impactant les taux de marge, FCF et le bilan. Alstom seul aurait pu viser un CA d’environ 7.7 Md€, une marge de 7.8% et un FCF légèrement positif selon nos estimations. Avec BT sur 2 mois, nous tablons sur un CA de 8.8 Md€, une marge de 7.0% et un FCF négatif d’environ 200 M€, incluant les sorties de cash des projets à prob...
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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