Alstom’s share price jumped c.3% today after the group reported a better-than-expected Q1 FY21/22 trading update, with both order and sales figures coming in ahead of the street’s expectations. After a disappointing CMD earlier this month, the strong performance in terms of commercial wins reinforces our positive stock recommendation. We will tweak our estimates slightly to incorporate the reported figures.
20 Jul 2021
Contracts wins star in a strong Q1 update
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Contracts wins star in a strong Q1 update
Alstom (ALO:EPA), 0 | Alstom SA (ALO:PAR), 0
- Published:
20 Jul 2021 -
Author:
Vansh Mehta | Nupur Gupta -
Pages:
2
Alstom’s share price jumped c.3% today after the group reported a better-than-expected Q1 FY21/22 trading update, with both order and sales figures coming in ahead of the street’s expectations. After a disappointing CMD earlier this month, the strong performance in terms of commercial wins reinforces our positive stock recommendation. We will tweak our estimates slightly to incorporate the reported figures.