Alstom reported a 2.6% rise in sales for the third quarter of its financial year on Wednesday, citing good performances from its Services and Systems businesses.

Group sales came to 4.33 billion euros for the October-December period, compared with 4.22 billion euros a year earlier.

The French rail equipment specialist also reported Q3 order intake of 5.45 billion euros, up 5.8% on a reported basis.

The company confirmed its short- and medium-term targets.

Alstom

had announced

last November that it was considering a capital increase, job cuts and the sale of assets, as part of a series of efforts to reduce its debt and ease investor concerns.

The Group states that "asset disposal processes are progressing" and confirms the range of disposals aimed at generating between 500 million and 1 billion euros.

The company specifies that the plan to reduce net debt by 2 billion euros by March 2025 will be detailed when it publishes its annual results in May.

At September 30, 2023, the group reported a net debt of 3.43 billion euros. (Gaëlle Sheehan)