Report
Delphine Brault

Alstom : Un S1(10 novembre) réduit par la COVID-19 mais Alstom devrait se défendre

>Activité meilleure au T2, mais peu de commandes - Après le terrible T1 au cœur de la COVID (avril – juin, CA -25%), nous attendons un T2 en baisse très modérée (CA -6% en organique) et une activité industrielle qui s’est bien reprise. Même si le trafic passagers reste réduit de partout, les clients opérateurs poursuivent leurs activités et personne n’a annulé de livraisons ou des commandes. En termes de métiers, la fabrication de matériel roulant a encore dû être un...
Underlying
Alstom SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Delphine Brault

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