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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Alstom | EU:ALO | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.52 | 3.13% | 17.11 | 17.08 | 17.15 | 17.435 | 16.53 | 16.68 | 1,960,108 | 16:40:00 |
From May 2019 to May 2024
By Anthony Shevlin
Alstom SA (ALO.FR) on Monday laid out its new strategic plan and objectives for 2023, and said that it expects its growth to outperform the market.
The French train maker expects average annual sales growth over the period to fiscal 2023 of around 5%.
The company sees its adjusted earnings before interest and taxes margin to reach around 9% in fiscal 2023, as a result of operational efficiency measures.
Alstom expects the conversion from net income to free cash flow to be above 80% by fiscal 2023, boosted by capital-expenditure stabilization and the mid-term stability of working capital.
The company will introduce a dividend policy with a pay-out ratio of between 25% and 35%, which will be rolled out as early as the current fiscal year.
Looking to fiscal 2020, Alstom says it will be a year of stabilized growth after the "exceptional sales and profitability" of fiscal 2019.
Write to Anthony Shevlin at anthony.shevlin@dowjones.com; @anthony_shevlin
(END) Dow Jones Newswires
June 24, 2019 01:46 ET (05:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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