Alstom Announces Sales Results for the Third Quarter and Nine Months of Fiscal 2017; Reaffirms Earnings Guidance for 2020
For the first nine months of 2017, group's sales amounted to EUR 5.2 billion, up 6% or 5% growth organically compared to the first nine months of 2015/16.
Alstom continues to project adjusted EBIT margin to reach around 7.0% by 2020 driven by volume, portfolio mix and results of operational excellence actions. By 2020, sales are still expected to grow organically by 5% per year. It still expects about 100% conversion from net income into free cash flow by 2020.