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Alstom Backs Outlook As Q3 Sales, Orders Rise, But 9M Orders Down; Stock Dips

Alstom Backs Outlook As Q3 Sales, Orders Rise, But 9M Orders Down; Stock Dips

French rolling stock maker Alstom SA reported Wednesday growth in its third-quarter sales and orders as well as in nine-month sales. Meanwhile, nine-month orders were weak, and the company maintained its outlook for fiscal 2024 and mid-term. Alstom shares were losing more than 5 percent in the morning trading in Paris.
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Alstom Posts H1 Profit, Orders Dip; To Cut 1,500 Jobs, Sell Assets; Stock Down

Alstom Posts H1 Profit, Orders Dip; To Cut 1,500 Jobs, Sell Assets; Stock Down

Shares of Alstom SA were losing more than 19 percent in the morning trading in Paris after the French rolling stock maker reported Wednesday negative cash flow and weak orders in its first half, despite reporting a small profit, compared to prior year's loss. The company announced around 1,500 job cuts, scrapped dividend and plans to sell certain assets, with a view to cut short its debt burden.
RTTNews | il y a 1032
Alstom FY23 Loss Narrows, Sees Growth Next Year; Delays Mid Term View; Stock Dips

Alstom FY23 Loss Narrows, Sees Growth Next Year; Delays Mid Term View; Stock Dips

Shares of Alstom SA were losing around 4 percent in the morning trading in France after the rolling stock maker reported Wednesday a loss in its fiscal 2023, however, narrower than last year. Going ahead, the company projects higher margin and sales in fiscal 2024, but delayed mid-term targets by a year.
RTTNews | il y a 1221