Oddo BHF - Alstom SA (ALO) Alstom : Preview S1 2023/24 : les commandes vont rassurer et aider le FCF

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Oddo BHF

Delphine Brault ...

Quentin Borie

Alstom : Preview S1 2023/24 : les commandes vont rassurer et aider le FCF

>Un bon T2 en termes de commandes, le FCF devrait en bénéficier - Le groupe devrait, selon nous, réaliser un T2 solide en termes de commandes. Nous prévoyons 7.1 Md€ de commandes, dont 5.1 Md€ de grosses commandes (signalisation en Australie, trains régionaux en Allemagne et TGV en France). Le book-to-bill devrait être de l’ordre de 1.6x au T2 et 1.2x sur le S1 2024/25.Le chiffre d’affaires devrait progresser de 5.5% en organique (inchangé) au T2 (après 5.3% au T...

07/10/2024 1 FR

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.

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FR0010220475 Euronext Paris France

Provider

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.

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Analysts

Delphine Brault

Quentin Borie

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Alstom : Preview S1 2023/24 : les commandes vont rassurer et aider le FCF

ODDO : US elections: between continuity and disruption, the benefits/risks vary

ODDO : Election US : entre continuité et rupture, les bénéfices/risques varient

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/07/2024

ODDO : US elections: between continuity and disruption, the benefits/risks vary

ODDO : Election US : entre continuité et rupture, les bénéfices/risques varient

The US labour market continues to harbour weaknesses

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