Alstom: improved operating margin in 2023-24

(CercleFinance.com) - Alstom has reported a net loss (group share) of E309m for 2023-24, albeit with adjusted operating income up 17% to E997m, representing a 0.
5-point margin improvement to 5.7%.

The transportation equipment supplier posted sales of E17.6bn (+9.4% organic) and booked E18.9bn in orders (-6.9% organic), taking its order backlog to E91.9bn at end-March.

With a negative free cash flow of E557m (but within the high range of the revised target), Alstom states that its Board of Directors will not propose a dividend for 2023-24.

For 2024-25, the French group is targeting an 'orders to sales' ratio above one, organic sales growth of around 5%, an adjusted operating margin of around 6.5% and free cash flow of E300m to E500m.


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