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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 15.645 | 15.60 | 15.70 | 0.00 | 01:00:00 |
From May 2019 to May 2024
By Noemie Bisserbe
PARIS--Alstom S.A. said it expected sales to grow by around 5% a year by 2020, as the French company refocuses on its train business.
Adjusted earnings, before interest and tax margin, should reach around 7% by 2020, driven by volume, the company added in a statement released ahead of a meeting with investors and analysts Wednesday.
The engineering firm sold most of its power-equipment making unit to GE in September for a nominal price of EUR12.4 billion ($13.96 billion) retaining a minority EUR2.4 billion stake in part of the business. Alstom used some of the proceeds to acquire GE's train-signaling business for EUR700 million.
-Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
(END) Dow Jones Newswires
March 29, 2016 12:55 ET (16:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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