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CAPITAL GOODS: Alstom (ALOFP Baa3/NR/NR): 1Q24/25 Revenue

CAPITAL GOODS

No impact expected.

  • Revenue is in line with expectations. Rolilng stock underperformed slightly, balanced by services.
  • Book to bill at 0.83x is just shy of 0.88x consensus, with orders down 6% YoY. Above 1x FY guidance was confirmed, however.
  • FY24/25 outlook confirmed.
  • Call replay: https://channel.royalcast.com/alstom-en/#!/alstom-en/20240723_1

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