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    ALO   FR0010220475

ALSTOM

(ALO)
  Report
Real-time Euronext Paris  -  04:17:31 2023-02-02 am EST
27.89 EUR   +2.12%
02/01Alstom : Document AMF CP. 2023E882697
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01/31ALSTOM : Goldman Sachs reiterates its Neutral rating
MD
01/30Alstom : wins contract for the mid-life modernisation of 34 metro trains in Copenhagen, Denmark
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Alstom shares whipsaw after mixed quarterly update

01/20/2022 | 02:03am EST
FILE PHOTO: A logo of Alstom is seen at the Alstom's plant in Semeac near Tarbes

Jan 20 (Reuters) - French train maker Alstom's shares had a rocky morning on Thursday, after its quarterly update on sales and orders sparked a mixed response from traders and financial analysts.

The stock initially climbed over 3% before plummeting to trade down 5% and trigger an automatic dealing suspension on Euronext Paris, as investors sold off holdings built up during a strong rally at the turn of the year.

Alstom reported higher sales and orders for October-December, its fiscal third quarter, fueled by growth in Europe and bigger market clout thanks to its acquisition of Bombardier's rail unit a year ago.

However, finance chief Laurent Martinez told analysts the level of sales earning no margin would remain the same over the second half of its fiscal year and into the next as it works through a backlog of unprofitable business.

"The shares started moving within minutes of that comment," said Redburn analyst James Moore, who believes the market will now adjust its profit expectations for the near future.

Alstom confirmed all its financial targets, including a return to a positive-free cash flow over October to March, after first-half outflows reached nearly 1.5 billion euros.

It had previously feared an even higher outflow after marking up provisions for integrating some challenging projects it inherited from Bombardier.

The 5.5 billion-euro acquisition, which is approaching its one-year anniversary, should make the group the world's second-biggest player in its sector behind China's CRRC .

Alstom said the integration was on track and indicated it would not need to take further provisions.

The company, which makes trains and signaling systems for urban and regional rail networks, reported third-quarter sales of 3.92 billion euros ($4.45 billion), up 6% on a proforma basis. Orders were up 5% on the same basis to 4.58 billion.

The stock was down 1.3% at 1310 GMT.

($1 = 0.8811 euros) (Reporting by Sarah Morland and Olivier Sorgho Editing by Sherry Jacob-Phillips and Mark Potter)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ALSTOM 2.16% 27.89 Real-time Quote.19.68%
BOMBARDIER INC. 1.51% 65.24 Delayed Quote.24.81%
CRRC CORPORATION LIMITED 1.31% 5.42 End-of-day quote.6.07%
DEUTSCHE BANK AG -4.42% 11.682 Delayed Quote.15.70%
GUJARAT AMBUJA EXPORTS LIMITED -8.79% 235 End-of-day quote.-8.13%
All news about ALSTOM
02/01Alstom : Document AMF CP. 2023E882697
PU
01/31ALSTOM : Goldman Sachs reiterates its Neutral rating
MD
01/30Alstom : wins contract for the mid-life modernisation of 34 metro trains in Copenhagen, De..
PU
01/27Alstom : Document AMF CP. 2023E882096
PU
01/26Alstom : Document AMF CP. 2023E881808
PU
01/25Train maker Alstom gains steam on European orders
RE
01/25ALSTOM : Receives a Buy rating from UBS
MD
01/25ALSTOM : JP Morgan keeps its Buy rating
MD
01/25Alstom : Equity Story (25/01/2023)
PU
01/25European Midday Briefing: Softer U.S. Earnings Weigh on Mood
DJ
More news
Analyst Recommendations on ALSTOM
More recommendations
Financials
Sales 2023 16 524 M 18 041 M 18 041 M
Net income 2023 140 M 153 M 153 M
Net Debt 2023 2 788 M 3 044 M 3 044 M
P/E ratio 2023 81,9x
Yield 2023 1,11%
Capitalization 10 274 M 11 218 M 11 218 M
EV / Sales 2023 0,79x
EV / Sales 2024 0,74x
Nbr of Employees 69 317
Free-Float 98,4%
Chart ALSTOM
Duration : Period :
Alstom Technical Analysis Chart | MarketScreener
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Technical analysis trends ALSTOM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 27,31 €
Average target price 30,57 €
Spread / Average Target 11,9%
EPS Revisions
Managers and Directors
Henri Poupart-Lafarge Chairman & Chief Executive Officer
Laurent Vincent Joseph Martinez Chief Financial Officer
Alexandre Domingues Chief Information & Transformation Officer
Danny di Perna Chief Operating Officer & Executive Vice President
Bi Yong So Chungunco Independent Non-Executive Director
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