Alstom Sales to Grow by 5% a Year by 2020, Company
March 29 2016 - 1:10PM
Dow Jones News
By Noemie Bisserbe
PARIS--Alstom S.A. said it expected sales to grow by around 5% a
year by 2020, as the French company refocuses on its train
business.
Adjusted earnings, before interest and tax margin, should reach
around 7% by 2020, driven by volume, the company added in a
statement released ahead of a meeting with investors and analysts
Wednesday.
The engineering firm sold most of its power-equipment making
unit to GE in September for a nominal price of EUR12.4 billion
($13.96 billion) retaining a minority EUR2.4 billion stake in part
of the business. Alstom used some of the proceeds to acquire GE's
train-signaling business for EUR700 million.
-Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
(END) Dow Jones Newswires
March 29, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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