Alstom Announces Sales Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Results Guidance for the Year 2020
For the period, the company reported sales amounted to 5.5 billion, up 6% (6% organically) a year ago.
The company provided earnings results guidance for the year 2020. The company expects sales should grow organically by 5% per year. Adjusted EBIT margin should reach around 7% by 2020 driven by volume, portfolio mix and results of operational excellence actions. The company expects c. 100% conversion from net income into free cash flow.