Alstom : Revenue and margin growth should continue. Details on 24 June
>Results in line, FCF a shade light, solid dividend at € 5.50 - The group has published a P&L that was very much in line with forecasts (actual orders of € 12.1bn, sales € 8.1bn, adjusted EBIT of € 570m (margin of 7.1%) and net income of € 681m) and its full-year guidance (“sales of around € 8bn, margin of around 7%â€). The backlog stood at € 40.5bn, an all-time high. Whilst FCF (€ 153m) came in below forecasts it included non-recurring elements (costs of the Siemens/A...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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