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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Alstom    ALO   FR0010220475

ALSTOM (ALO)
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Alstom : Net Profit Soared 66% in First Half

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11/14/2017 | 07:50am CEST
   By Nathan Allen 
 

France's Alstom SA (>> Alstom) on Tuesday said that net profit for the first half of its fiscal year soared 66%, citing an increase in volume and operational improvements.

The train maker's net profit for the April-to-September period climbed to 213 million euros ($248.3 million) from EUR128 million a year earlier.

Sales went up to EUR3.76 billion from EUR3.57 billion a year earlier.

Alstom said that it received EUR3.17 billion in new orders over the period-- a decline of 49% on year due to the effects of several large orders in fiscal 2016.

Chief Executive Henri Poupart-Lafarge said that the company is on track to complete its 2020 objectives of reaching 5% organic sales growth a year and an earnings before interest and taxes margin of 7% by 2020.

In September, Alstom announced that it had agreed to merge with Siemens AG's (>> Siemens) rail operations to create a company with the scale to take on competition from China.

Mr. Poupart-Lafarge said that the company is in discussions with unions regarding the details of the merger.

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

Stocks mentioned in the article : Alstom, Siemens
Stocks mentioned in the article
ChangeLast1st jan.
ALSTOM -0.05% 39.01 Real-time Quote.12.73%
SIEMENS 0.49% 111.58 Delayed Quote.-4.40%
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Financials (€)
Sales 2019 8 147 M
EBIT 2019 546 M
Net income 2019 427 M
Finance 2019 1 418 M
Yield 2019 1,17%
P/E ratio 2019 20,71
P/E ratio 2020 20,91
EV / Sales 2019 0,89x
EV / Sales 2020 0,87x
Capitalization 8 679 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 41,7 €
Spread / Average Target 6,8%
EPS Revisions
Managers
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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