Alstom 1st Half Profit Drops, Sales Rise
06 Novembre 2019 - 08:44AM
Dow Jones News
By Kim Richters
Alstom SA (ALO.FR) said on Wednesday that sales rose in the
first half of the year, while order intake and profit dropped.
The French train maker's net profit from continued operations
for the period from April to September was 213 million euros
($236.5 million), compared with EUR318 million year-earlier.
Group net profit was EUR227 million, down from EUR563 million
last year, the company said.
The company's order intake dropped 35% to EUR4.62 billion from
EUR7.13 billion.
Earnings before interest and taxes rose to EUR281 million from
EUR219 million, while six-months sales came in at EUR4.14 billion,
up 3% from EUR4.01 billion last year.
The company backed its outlook for the fiscal year, but said
that the period will see sales and margin growth lower than the
average objectives set previously in its long-term outlook. Alstom
targets an annual growth of around 5% for the next financial years
up to March 2023 and an adjusted EBIT margin of around 9% in fiscal
year 2022-23.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
November 06, 2019 02:29 ET (07:29 GMT)
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