Alstom : We are adjusting our figures and maintaining our Outperform recommendation
>We have reworked our forecasts - Following the publication of H1 figures (April-September) for the first time including BT for six months, we have undertaken a detailed review of our forecasts. Our adjustments to revenue and the ‘adjusted EBIT’ are only minor and we remain on a trajectory of strong growth as of this year (margin of 4.9% in March 2022 vs 4.5% in H1, then 6.0% and 7.1% for the following full-year periods); for the rest of the P&L we have lowered our f...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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