Alstom progressed well in FY19/20, with a limited impact from the Coronavirus towards end of the year. However, FY20/21 is likely to be rough, as containment-measures-led disruptions can delay production and demand for rolling stocks and maintenance/services, i.e. break the strong momentum in the European ridership. Consequently, the mid-term revenue guidance has been revised downwards slightly.
12 May 2020
Mid-term sales guidance trimmed amidst challenging FY20/21
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Mid-term sales guidance trimmed amidst challenging FY20/21
Alstom SA (ALSO:WBO) | 0 0 1.0% | Mkt Cap: 7,488m
- Published:
12 May 2020 -
Author:
Mohit Rathi -
Pages:
3
Alstom progressed well in FY19/20, with a limited impact from the Coronavirus towards end of the year. However, FY20/21 is likely to be rough, as containment-measures-led disruptions can delay production and demand for rolling stocks and maintenance/services, i.e. break the strong momentum in the European ridership. Consequently, the mid-term revenue guidance has been revised downwards slightly.