This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ4905D_L.jpg
Alstom forecast adjusted operating profit (EBIT) margin of 6% and a significantly positive free cash flow for the twelve months to the end of March 2024.
For fiscal 2022/23, the company reported an adjusted EBIT margin of 5.2% on adjusted operating profit of 852 million euros ($938 million), slightly above the 848 million euros expected by analysts in a company-compiled consensus.
The rail infrastructure company said it expected to reach its mid-term adjusted EBIT and free cash flow targets in fiscal 2025/26, one year later than previously envisioned, mainly due to the challenging economic environment and inflation in particular.
($1 = 0.9084 euros)
