Alstom: improved operating margin in 2023-24
The transportation equipment supplier posted sales of 17.6 billion euros (+9.4% organic) and booked 18.9 billion orders (-6.9% organic), taking its order backlog to 91.9 billion at the end of March.
With a negative free cash flow of 557 million euros (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 the 2024-25 financial year, 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 300 to 500 million euros.
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