January 22, 2025 07:42 GMT
CAPITAL GOODS: Alstom (ALOFP Baa3/NR/NR): 3Q Sales
CAPITAL GOODS
Credit neutral.
- Alstom released 3Q revenue late yesterday, beating consensus by 4% with 10% organic growth.
- Book to bill at 0.9x for the quarter, with orders down YoY as expected.
- It still sees book to bill above 1x for FY25, with its other guidance also confirmed.
- Webcast replay https://channel.royalcast.com/alstom-en/#!/alstom-en/20250121_2.
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