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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Alstom    ALO   FR0010220475

ALSTOM (ALO)
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Alstom : France's Government and GE Clash Over Alstom Job Targets Miss

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06/14/2018 | 11:36am CEST

By Nathan Allen

French Economics Minister Bruno Le Maire has expressed strong regret that General Electric missed job-creation targets relating to its purchase of Alstom energy assets in 2015, according to a government statement released Thursday.

The commitment to create 1,000 net jobs by 2018 is now out of reach, the economy ministry said after a meeting between Mr. Le Maire and GE Chief Executive John Flannery.

By the end of April, the U.S. industrial conglomerate had only created 323 jobs. Mr. Le Maire requested that the group take all available action to meet the original targets.

Write to Nathan Allen at nathan.allen@dowjones.com

Stocks mentioned in the article
ChangeLast1st jan.
ALSTOM -0.51% 36.83 Real-time Quote.6.43%
GENERAL ELECTRIC COMPANY 0.00% 12.3 Delayed Quote.-29.51%
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Financials (€)
Sales 2019 8 139 M
EBIT 2019 546 M
Net income 2019 423 M
Finance 2019 1 051 M
Yield 2019 1,23%
P/E ratio 2019 20,81
P/E ratio 2020 19,91
EV / Sales 2019 0,88x
EV / Sales 2020 0,84x
Capitalization 8 187 M
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Number of Analysts 13
Average target price 41,7 €
Spread / Average Target 13%
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NameTitle
Henri Poupart-Lafarge Chairman & Chief Executive Officer
Thierry Best Chief Operating Officer
Laurent Martinez Chief Financial Officer
Alexandre Domingues Chief Information & Transformation Officer
Klaus J. Mangold Independent Non-Executive Director
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