Alstom : Share price hurt by the lack of guidance, but the upside is intact
>No guidance yet ... but accretive impact in year 2 (2022-2023) - The full-year figures, incl. Bombardier Transportation (BT) for two months, were largely in line. Our main conclusion is that Alstom has begun to integrate BT as expected, but that the group should be more explicit on the finalisation of problem contracts, and is waiting for the CMD (6 July) to issue guidance, which investors seem to have broadly regretted. We note that the process of terminating BT's c...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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