Alstom: adjusted operating margin up in 2018-19
(CercleFinance.com) - Alstom publishes net income (group share) of 681 million euros for FY 2018-19, compared to 365 million euros the previous year, including exceptional net income from discontinued operations of 248 million euros, relating to the transaction with General Electric.
The transportation equipment maker generated adjusted operating income that is up 44% at 570 million euros, meaning a 1.7-point improvement in its corresponding margin to 7.1% for revenue that is up 10% at 8,072 million euros (+11% at constant consolidation scope and exchange rates).
The board of directors has decided to propose a dividend of 5.50 euros per share at the group's AGM of 10 July. This would be detachable on 15 July and would be payable in cash from 17 July.
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The transportation equipment maker generated adjusted operating income that is up 44% at 570 million euros, meaning a 1.7-point improvement in its corresponding margin to 7.1% for revenue that is up 10% at 8,072 million euros (+11% at constant consolidation scope and exchange rates).
The board of directors has decided to propose a dividend of 5.50 euros per share at the group's AGM of 10 July. This would be detachable on 15 July and would be payable in cash from 17 July.
Copyright (c) 2019 CercleFinance.com. All rights reserved.