Alstom Releases 2023 Strategic Plan, Financial Objectives
24 Juin 2019 - 8:01AM
Dow Jones News
By Anthony Shevlin
Alstom SA (ALO.FR) on Monday laid out its new strategic plan and
objectives for 2023, and said that it expects its growth to
outperform the market.
The French train maker expects average annual sales growth over
the period to fiscal 2023 of around 5%.
The company sees its adjusted earnings before interest and taxes
margin to reach around 9% in fiscal 2023, as a result of
operational efficiency measures.
Alstom expects the conversion from net income to free cash flow
to be above 80% by fiscal 2023, boosted by capital-expenditure
stabilization and the mid-term stability of working capital.
The company will introduce a dividend policy with a pay-out
ratio of between 25% and 35%, which will be rolled out as early as
the current fiscal year.
Looking to fiscal 2020, Alstom says it will be a year of
stabilized growth after the "exceptional sales and profitability"
of fiscal 2019.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com;
@anthony_shevlin
(END) Dow Jones Newswires
June 24, 2019 01:46 ET (05:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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