Alstom’s new strategic plan (‘Alstom in Motion’) broadly met the market’s expectations on the key metrics such as operating profit, capex and FCF generation. Going forward, investors’ focus should be on management’s execution capabilities, especially with respect to FCF-generation and M&A activity (supported by a strong balance sheet). Our stock recommendation remains unchanged.
02 Jul 2019
Reasonable business improvement plans in place
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Reasonable business improvement plans in place
Alstom SA (ALSO:WBO) | 0 0 1.0% | Mkt Cap: 7,488m
- Published:
02 Jul 2019 -
Author:
Mohit Rathi -
Pages:
3
Alstom’s new strategic plan (‘Alstom in Motion’) broadly met the market’s expectations on the key metrics such as operating profit, capex and FCF generation. Going forward, investors’ focus should be on management’s execution capabilities, especially with respect to FCF-generation and M&A activity (supported by a strong balance sheet). Our stock recommendation remains unchanged.