Alstom : Roadshow feedback: all components for a recovery are in place - now all that remains is the execution
>The components for an improvement in the EBIT margin are in place... - The group generated a 5.7% adjusted EBIT margin in 2023-24, despite a negative rolling stock margin. This was due on one hand to the historic Bombardier contracts managed with a zero gross margin (€ 1.7bn executed) and on the other hand specific difficulties on the Aventra project (to be finalised during this year). There now remains just around € 1.5bn in zero-margin Bombardier contracts to be ex...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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