Alstom: adjusted operating margin improves in H1
(CercleFinance.com) - Alstom has reported net income from continuing operations of 213 million euros for H1 2019-20, i.
e. 0.95 euro per share, with adjusted operating income up 5% at 319 million euros, meaning a 0.2 point improvement in its margin to 7.7%.
The transport equipment maker's sales reached 4,140 million euros, up 3% (+2% LFL), while its orders reached 4,618 million, meaning a book-to-bill ratio of 1.1.
For FY 2019-20, Alstom expects, "A sales and margin growth lower than the average objectives set in the context of AiM, and to a working capital evolution impacting the generation of free cash flow".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
e. 0.95 euro per share, with adjusted operating income up 5% at 319 million euros, meaning a 0.2 point improvement in its margin to 7.7%.
The transport equipment maker's sales reached 4,140 million euros, up 3% (+2% LFL), while its orders reached 4,618 million, meaning a book-to-bill ratio of 1.1.
For FY 2019-20, Alstom expects, "A sales and margin growth lower than the average objectives set in the context of AiM, and to a working capital evolution impacting the generation of free cash flow".
Copyright (c) 2019 CercleFinance.com. All rights reserved.