Alstom : Solid full-year results and FCF, medium-term margin target of 9% confirmed. The Bombardier Transport deal is ongoing
>Solid full-year results, FCF growth over the year - The group ended the financial year with highly respectable order intake of € 9.9bn with sales of € 8.2bn. Organic growth came to 1% as expected and the adjusted EBIT margin 7.7% (+20bp) vs 7.6% expected. Net profit clocked in at € 467m vs our and the consensus forecast of around € 400m. FCF provided a very positive surprise - with a total of € 206m, it rose 35% compared with last year and is 4-5 times higher than 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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