Alstom: makes FY loss with an asset impairment
(CercleFinance.com) - Alstom has published FY 2021-22 adjusted net profit of 268 million euros, before the impairment of its 20% stake in TMH.
Taking into account this impairment, the result came in at -173 million million euros, against a profit of 301 million euros the previous year.
Adjusted operating profit increased by 19% to 767 million euros, representing a margin that is down 2.3% to 5%, on revenues of 15.5 billion euros and orders of 19.3 billion euros, up 11% and 33% respectively on a pro-forma basis.
Alstom's board of directors will propose a dividend of 0.25 euro per share at the group's next general shareholder meeting on 12 July, representing a payout ratio of 35% of adjusted net profit before the impairment of the stake in TMH.
The transport equipment manufacturer anticipates a gradual growth in its adjusted operating margin for 2022-23, and confirms its medium-term targets "Alstom in Motion 2025", with synergies that have been raised to 475-500 million euros from 2025-26.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
Taking into account this impairment, the result came in at -173 million million euros, against a profit of 301 million euros the previous year.
Adjusted operating profit increased by 19% to 767 million euros, representing a margin that is down 2.3% to 5%, on revenues of 15.5 billion euros and orders of 19.3 billion euros, up 11% and 33% respectively on a pro-forma basis.
Alstom's board of directors will propose a dividend of 0.25 euro per share at the group's next general shareholder meeting on 12 July, representing a payout ratio of 35% of adjusted net profit before the impairment of the stake in TMH.
The transport equipment manufacturer anticipates a gradual growth in its adjusted operating margin for 2022-23, and confirms its medium-term targets "Alstom in Motion 2025", with synergies that have been raised to 475-500 million euros from 2025-26.
Copyright (c) 2022 CercleFinance.com. All rights reserved.