Alstom : Solid Q1 amid the crisis. Recovery outlook confirmed
>Orders and revenues ahead of expectations - After the big scare in March and April, the figures are better than expected with sales down -25% on an organic basis versus -35% expected (€ 1.5bn vs € 1.3bn est.) and a book-to-bill ratio of 1.10x that no-one anticipated. The group’s activity was probably down by more than 50% at the low point, which suggests a very strong recovery at the end of the quarter. The crisis affected rolling stock (and systems, which were alre...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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