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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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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.