Alstom: revenue up 14% to E2bn in Q1
(CercleFinance.com) - Alstom has reported 2.
6 billion euros of orders over the first quarter of 2018/19, compared to 1.9 billion euros over the same period the previous year.
The Group's turnover was E2.0 billion, up 14% (17% at constant scope and exchange rates) compared to 1.8 billion euros in the first quarter of 2017/18.
“At E35.5 billion on 30 June 2018 and including around 30% of Services, the current backlog provides strong visibility on future sales” indicated the Group.
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“For the fiscal year 2018/19, sales are expected to reach around E8 billion and adjusted EBIT margin should reach up to 7%. In the medium term, Alstom should continue to outperform the market growth, gradually improve profitability, and improve cash generation, with possible volatility over some short periods” added the Group.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
6 billion euros of orders over the first quarter of 2018/19, compared to 1.9 billion euros over the same period the previous year.
The Group's turnover was E2.0 billion, up 14% (17% at constant scope and exchange rates) compared to 1.8 billion euros in the first quarter of 2017/18.
“At E35.5 billion on 30 June 2018 and including around 30% of Services, the current backlog provides strong visibility on future sales” indicated the Group.
*
“For the fiscal year 2018/19, sales are expected to reach around E8 billion and adjusted EBIT margin should reach up to 7%. In the medium term, Alstom should continue to outperform the market growth, gradually improve profitability, and improve cash generation, with possible volatility over some short periods” added the Group.
Copyright (c) 2018 CercleFinance.com. All rights reserved.