Alstom : We are adjusting our forecasts following the road show. Buy confirmed
>A challenging year in 2020, but the market should rebound quickly - Alstom’s CEO and CFO described a crisis that impacted all of the group's activities in almost all countries. The first quarter of the financial year (April-June) seems very weak, and some months will be needed before production can return to normal, notably because suppliers and partners have also been disrupted by COVID-19. The only area where lost ground cannot be made up is in train services sinc...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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