Alstom : The group is gradually de-risking
>FY 2022-23 results in line and encouraging FY 2023-24 targets - Yesterday morning Alstom reported FY 2022-23 (FY ends 31 March) results that included: i/ a 7% increase in orders to € 20.7bn (book-to-bill 1.25x), ii/ sales growth of +5% pro forma, to € 16.5bn, iii/ an adjusted EBIT margin of 5.2% (+20bp) and iv/ FCF of € 199m. Net debt was stable at € 2.1bn at the end of March. The group will propose a dividend of € 0.25 per share (in cash or new shares). Fo...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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