Alstom FY Adjusted Net Income At Eur 44 Million, Below Consensus
May 8 (Reuters) -Alstom SA ALSO.PA:
FY ORDERS RECEIVED EUR 18.95 BILLION VERSUS EUR 18.45 BILLION IN COMPANY-COMPILED CONSENSUS
FY SALES EUR 17.62 BILLION VERSUS EUR 17.36 BILLION IN COMPANY-COMPILED CONSENSUS
FY ADJUSTED EBIT EUR 997 MILLION VERSUS EUR 985 MILLION IN COMPANY-COMPILED CONSENSUS
FY ADJUSTED NET INCOME EUR 44 MILLION VERSUS EUR 316 MILLION IN COMPANY-COMPILED CONSENSUS
END-FY FREE CASH OUTFLOW EUR 557 MILLION VERSUS OUTFLOW OF EUR 632 MILLION IN COMPANY-COMPILED CONSENSUS
BAA3 RATING AFFIRMED AND OUTLOOK WILL BE CHANGED TO STABLE UPON SUCCESSFUL CLOSING OF HYBRID BOND ISSUANCE AND RIGHTS ISSUE
HYBRID BOND ISSUE CA. €750 MILLION WITH 50% MOODY’S EQUITY CONTENT; RIGHTS ISSUE CA. €1 BILLION
NO DIVIDEND PROPOSED WITH REGARDS TO FY 2023/24
END-MARCH NET DEBT POSITION STOOD AT €(2,994) MILLION VERSUS €(2,135) MILLION YEAR AGO
OUTLOOK 2024/2025: BOOK-TO-BILL ABOVE 1 AND SALES ORGANIC GROWTH AROUND 5%
OUTLOOK 2025/2024: AEBIT MARGIN AROUND 6.5%; FCF WITHIN RANGE €300 MILLION TO €500 MILLION
Source text for Workspace: ID:nGNEbPMNJB
Further company coverage: ALSO.PA
(Gdansk Newsroom)
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