Alstom: strategic plan and objectives for 2023
(CercleFinance.com) - With the presentation of its new strategic plan, entitled "Alstom in Motion," Alstom has said that, over the period 2019/20-2022/23, it is looking for average sales growth of about 5% p.
a., above the market's expectations.
Its adjusted operating margin is expected to reach about 9% in 2022/23, and by that time the conversion of net income into free cash flow is expected to exceed 80%. As from the current fiscal year, it is introducing a dividend policy with a payout rate of between 25% and 35%.
"We now will leverage innovation and efficiency in our portfolio of products and services to expand our presence in all our fields of activity and become the leader in green and smart mobility solutions," said Henri Poupart-Lafarge, Alstom Chairman and Chief Executive Officer.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
a., above the market's expectations.
Its adjusted operating margin is expected to reach about 9% in 2022/23, and by that time the conversion of net income into free cash flow is expected to exceed 80%. As from the current fiscal year, it is introducing a dividend policy with a payout rate of between 25% and 35%.
"We now will leverage innovation and efficiency in our portfolio of products and services to expand our presence in all our fields of activity and become the leader in green and smart mobility solutions," said Henri Poupart-Lafarge, Alstom Chairman and Chief Executive Officer.
Copyright (c) 2019 CercleFinance.com. All rights reserved.