Alstom reported Q3 sales and order numbers in line with our and street estimates. The company reported revenue growth across all product lines and an improved order intake. Management has reiterated the FY21/22 outlook and mid-term guidance. While the share price has remained choppy following this update, we do not see anything alarming in the figures. We reiterate our positive stance on the stock’s valuation.
20 Jan 2022
Q3 update with no frills
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Q3 update with no frills
Alstom reported Q3 sales and order numbers in line with our and street estimates. The company reported revenue growth across all product lines and an improved order intake. Management has reiterated the FY21/22 outlook and mid-term guidance. While the share price has remained choppy following this update, we do not see anything alarming in the figures. We reiterate our positive stance on the stock’s valuation.