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[the grumpy old men] 14/11/2022 11:03

France lends €250m to build Abidjan Metro

Ivory Coast project is for 37km line with 18 stations.

[grupo guitarlumber] 12/11/2022 11:38

Alstom nets Chennai Metro fleet contract
Manufacturer will supply 26 three-car trains.
The new trains will be built at Alstom's plant at Sri City in Andhra Pradesh.
Photo Credit: Alstom

CHENNAI Metro Rail (CMRL) has awarded Alstom an Rs 7.98bn ($US 98.7m) contract for the manufacture and commissioning of 26 three-car metro trains for use on the under-construction 26.1km Line 4-Orange of the Phase 2 metro project.

The 80km/h driverless trains will be equipped to support unattended train operation (UTO). An Alstom spokesman confirmed that the trains will be powered by 25kV ac overhead electrification and that the scope of the contract includes training of CMRC personnel.

The trains will be manufactured at Alstom’s plant at Sri City in Andhra Pradesh, in line with the Indian government's Make in India initiative. The facility has manufacturing capacity for 480 metro cars annually.

Line 4 will have 18 elevated and 12 underground stations, running east-west from Light House to Poonamallee Bypass. Work on the elevated section between Porur and Power House has been underway for “many months” with construction of the Poonamallee - Porur section due to start imminently, according to CMRL. The first of two tunnel boring machines has commenced work on the underground section, the authority says.

Alstom has already delivered 208 metro cars for the 54km Chennai Metro Phase-1, which consists of the 23.1km Blue Line and the 22km Green Line, and opened in stages between June 2015 and March 2022. The network is the fourth largest metro in India.

Chennai Metro Phase-2 will consist of three lines totalling 118.9km and was approved in 2019 with the objective of completing construction between 2026 and 2028. A combined 52km section of Line 3 from Madhavaram to Sholinganallur and Line 5 from Madavaram to CMBT are being built as a priority. The project is partially funded by the Japan International Cooperation Agency (Jica) through an ODA loan.

Elsewhere in India, Alstom has delivered metro trains for Delhi, Lucknow and Kochi. It is also manufacturing trains for Mumbai Metro Line 3, Agra-Kanpur metro and the Indore-Bhopal projects.

For detailed data on fleet orders from around the world, subscribe to IRJ Pro.

[waldron] 19/10/2022 15:02

Alstom signs €900m framework contract with Rete Ferroviaria Italiana



19 October 2022 - 09:07AM


Dow Jones News



PARIS (Agefi-Dow Jones)--The railway equipment manufacturer Alstom announced
announced on Wednesday that it had signed a framework contract worth 900
900 million with Rete Ferroviaria Italiana (RFI) for the supply of a signalling
for the supply of a signalling system for central and southern Italy.
Italy.



Specifically, Alstom won the "South-Central" lot of a tender valued at
2.7 billion tender launched by RFI to implement a signalling system throughout
to implement an advanced train supervision and control system throughout Italy, known
system for train supervision and control, known as ERTMS, throughout Italy.



"The signing of this framework contract does not constitute the placing of an order
The signing of this framework contract does not constitute an order," Alstom said in a statement. "The
The firm orders provided for in this framework contract will be placed
the first tranche is expected in the second half of the fiscal year".
the second half of the current fiscal year," which ends in March 2023, the company added.
March 2023, the company added.



-Dimitri Delmond, Agefi-Dow Jones; [phone];
[e-mail] ed: VLV



Agefi-Dow Jones The financial newswire



(END) Dow Jones Newswires



October 19, 2022 02:47 ET (06:47 GMT)

Translated with www.DeepL.com/Translator (free version)

[grupo guitarlumber] 18/10/2022 17:51

ALSTOM SA: Alstom wins major UK train services contract with Govia Thameslink Railway

October 18, 2022 11:45 ET | Source: ALSTOM SA

Alstom wins major UK train services contract with Govia Thameslink Railway

TSSSA services contract worth around €300 million
Services support for Electrostar fleets on major UK rail franchise
Ensure availability, reliability and safety of total fleet of 1,210 cars

18 October 2022 – Alstom, global leader in smart and sustainable mobility, today announced that it has signed a new contract with Govia Thameslink Railway (GTR) – one of the UK’s most significant rail franchises – for a services contract worth around €300 million (£256 million)1.

The Technical Support and Spares Supply Agreement (TSSSA) will run from October 2022 for a period of five years, five months to align with the duration of GTR’s National Rail Contract. That means that Alstom will continue to support the Derby-built Class 377 and Class 387 Electrostar fleets in operation on Southern, Gatwick Express and Great Northern services into London’s Victoria and King’s Cross stations. Alstom has been a long-term trusted partner to GTR, having already serviced the fleets for nearly 20 years.

Along with Alstom’s unique material supply facility in Brighton, Alstom and GTR teams located across GTR’s four major depots in Battersea, Brighton, Hornsey and Selhurst will work together to support a total fleet of 1,210 cars and ensure the highest standards of train availability, reliability and safety for some of the UK’s busiest commuter routes.

Steve Lammin, Engineering Director at GTR, said: "This contract renews our association with Alstom, securing the continued support our excellent teams require to maintain our fleet."

“We are very pleased to have secured this very large and important services contract with our long-term customer GTR. This is a recognition of the outstanding work done by our services teams across the country, and particularly those at our Brighton facility and the teams based at Hornsey and Selhurst depots,” said Peter Broadley, Managing Director, Alstom Mainline Services Director UK.

Alstom™ and Electrostar™ are protected trademarks of the Alstom Group.

1 Booked in Q2 of the 2022-2023 fiscal year


About Alstom


Leading societies to a low carbon future, Alstom develops and markets mobility solutions that provide sustainable foundations for the future of transportation. From high-speed trains, metros, monorails, trams, to turnkey systems, services, infrastructure, signalling and digital mobility, Alstom offers its diverse customers the broadest portfolio in the industry. 150,000 vehicles in commercial service worldwide attest to the company’s proven expertise in project management, innovation, design and technology. In 2021, the company was included in the Dow Jones Sustainability Indices, World and Europe, for the 11th consecutive time. Headquartered in France and present in 70 countries, Alstom employs more than 74,000 people. The Group posted revenues of €15.5 billion for the fiscal year ending on 31 March 2022.
Log onto www.alstom.com for more information.

[grupo guitarlumber] 18/10/2022 17:49

GTR GLOBALTRADEREVIEW


Cesce provides €500mn to support Alstom’s green exports
Europe / 18-10-22 / by Jenny Messenger


Spanish export credit agency Cesce has signed a strategic agreement with French transport company Alstom to provide an annual maximum of €500mn for export activities focused on green projects.

The deal will allow the firm to “structure the financing of its foreign operations in a more flexible way in terms of purchasing decisions and supplier designation”, Alstom says. It will be reviewed on a yearly basis and depend on employment levels, investment and exports of Alstom Group companies in Spain.

Through the agreement, formalised on October 11, Cesce will assess the issuance of guarantees for the long-term financing of Alstom’s green projects in third countries, provided through the buyer credit insurance policy.

Transactions can be submitted for countries that are ranked up to five under the OECD country risk classification, as long as the projects qualify as “green” according to the EU’s taxonomy.

Spain was one of 12 EU member states that committed to ending public finance for fossil fuels by the end of 2022 at last year’s Cop26 summit. In March this year, the European Council said all other member states had given themselves until the end of 2023 to set deadlines for ending support for the fossil fuel sector.

The agreement with Alstom forms part of Cesce’s bid “to materialise alliances with strategic companies with a significant industrial presence in Spain” and support growth in green sectors.

Alstom explains that the deal aims to “strengthen and consolidate the Spanish railway industry”. More than 50% of the company’s activity in Spain is related to exports. It has an industrial plant in Barcelona for the manufacture of trains, a propulsion systems factory in Vizcaya, and technological centres in Madrid aimed at developing projects in railway safety, signalling, maintenance and digital mobility.

[maywillow] 18/10/2022 10:30

Alstom and the Government of Hungary have signed a Strategic Cooperation Agreement
10/17/2022 | 12:42pm BST


Alstom, global leader in smart and sustainable mobility, and the Government of Hungary announced today that they have signed a Strategic Cooperation Agreement in Budapest, in the presence of Henri Poupart-Lafarge, Alstom CEO, Balazs Gaspar, General Manager of Alstom Transport Hungary Zrt, and on behalf of the Hungarian Government, Peter Szijjarto, Minister of Foreign Affairs and Trade.

The agreement reinforces Alstom's engagement, which has been present in Hungary for decades, in enhancing the performance of the Hungarian economy and increasing its international competitiveness.

Both parties intent is to further strengthen cooperation with regards to the development of the transport industry, leveraging Alstom's innovative world-class solutions and technological innovations, potential expansion of the Hungarian product range and increased manufacturing capacity; as well as creating new, stable jobs and professional training.

Peter Szijjarto underlined that in the current severe economic crisis, it is extremely important to maintain economic growth, to gain investors' confidence and attract new investments from large international companies. He also highlighted Alstom's role in innovation, and research and development, highlighting the company's development of the world's first hydrogen train, which could be an important element for the future of energy security. Therefore cooperation in this field could lead to furthering this collaborative partnership.

'I am really pleased by the signature of this Strategic Cooperation Agreement between the Hungarian Government and Alstom. It will strengthen the development of Hungary's railway sector, economy and international competitiveness. I believe that with this Strategic Agreement signed today, there is much more innovations coming to Hungary, with Alstom,' said Henri Poupart-Lafarge, Alstom CEO.

'Over many years, Alstom has proven that we are a committed partner in creating sustainable mobility in Hungary and increasing the performance of the Hungarian economy. The Strategic Cooperation Agreement we have just signed will strengthen our relations, raise them to a higher level and open up new opportunities for partnership,' said Gaspar Balazs, General Manager of Alstom Hungary. 'We have been present in Hungary for more than 20 years. We can be proud that the bogies for the world's first hydrogen train are produced in our Matranovak Site!'

For decades, Alstom has been a significant, stable player in the Hungarian transport industry and a key employer in Nograd County. Alstom's Matranovak site, that currently employs more than 650 people, offers stable, sustainable positions with multiple career opportunities. The site produces bogie frames for various rolling stock, such as high-speed trains, suburban trains, locomotives and double deckers. This year, thanks to continuous investment and development, the range of bogie frames has been extended and now the site in Nograd County is also producing this important component for Alstom's Coradia iLint, the world's first hydrogen-powered train, which is a major innovation in rail transport.

The Coradia iLint, manufactured by Alstom, entered into commercial service in 2018 and is now also operating in Bremervorde, Lower Saxony, Germany since August, 2022. During the course of September, the train successfully travelled 1,175 kilometres without refuelling the hydrogen tank. Hungary's interest in this solution was shown when MAV-Start initiated a public pre-market consultation for the procurement of hydrogen fuel cell trainsets on 23 August, which could pave the way for the domestic application of the new technology.

Alstom's presence in the Hungarian rail transport sector is significant. The company built 27 Traxx locomotives which are now running in Hungary, and also upgraded 59 MAV-Start trains to meet the strict European standards ETCS board equipment, enabling these trains to reach a top speed of 160 km/h.

To improve continuously, Alstom has launched its world-class training programmes, first for welders in 2018 and now for fitters as of this autumn at its own local training centre, also qualified by the Nograd County and National Chambers of Commerce.

Alstom, Coradia, Coradia iLint and TraxxTM are protected trademarks of the Alstom Group.

Contact:

Samuel Miller

Tel: [phone]

Email: [e-mail]

[waldron] 29/9/2022 17:31

Alstom in Baghdad to discuss "Monorail"
28th September 2022 in Construction & Engineering In Iraq, Iraq Transportation News

By John Lee.

Representatives of the French company Alstom have met with the Secretary-General of the Council of Ministers, Dr. Hamid Naim Al-Ghazi, to discuss the progress of the Baghdad Elevated Train (BET) monorail project.

Dr. Al-Ghazi said the cabinet is studying the issue of financing the project, in coordination with the Ministries of Finance and Planning, "to bypass any legal obstacles facing the financing process, and the possibility of including it within the general budget law."

The French Ambassador t0 Baghdad, Mr. Eric Chevalier, said that Alstom and its partner, the Korean company Hyundai, are keen to implement the project, and welcomed the Iraqi government's commitment to the contract.

(Source: Iraqi Cabinet)

[waldron] 29/9/2022 17:28

[...]


Celebrations for Alstom as its Cuenca tramway in Ecuador operates successfully for 2 yearsby Chloe White
28th September 2022
in Network
Reading Time: 3 mins read


A world leader in smart and sustainable mobility, Alstom is celebrating the successful operation of its Cuenca tramway for 2 years.

The tramway started operation on the 22nd of September 2019 and now transports approximately 19,000 passengers each day

The Municipality of Cuenca which oversees the operations and maintenance system aims to increase its number of passengers each day from an already impressive 19,000 to a goal of 40,000 per day.

Cuenca is a historic walled town and also a World Heritage Site as declared by UNESCO back in 1999. The city has recently become very popular with tourists and its transport system is well used by both visitors and local residents.

Javier Díaz, Director of the Cuenca Tramway Project for Alstom, said: “We are very happy and proud with the two years of successful and uninterrupted operation of the Alstom tram in Cuenca, particularly knowing that we are contributing to the smart and sustainable mobility of the municipality, with the delivery of a high-quality product and system in partnership with our client and that it brings many benefits to its citizens.”

A contract for the project saw Alstom and its consortium partners design, deliver, integrate and test the entire system. The vast contract also included 14 Alstom Cities trams, the power supply system, depot equipment, telecommunications and railway signalling equipment. The network features 27 stops covering an area of 20.4 kilometres with the route visiting places of importance such as El Arenal Market which sees great commercial activity, the Historic Centre, the Bus Terminal, the Mariscal Lamar Airport and Industrial Park.


The Alstom Cities trams measure 33 metres in length and are part of the latest generation of modern, fast, silent, inclusive and low CO2-emission vehicles. Each of the trams can carry 280 people which would be the equivalent of three buses and when taken into account the electric mobility system creates a reduction in greenhouse gas pollution and carbon emissions.

Alstom’s APS system is also featured in the trams and creates the energy required for operation via a third rail which is located in the ground. This innovative technology allows Cuenca to maintain its stunning architecture and landscape without the distraction of a catenary. Alstom’s impressive APS system has also been installed in a number of cities all over the world.

Accessibility is high on the agenda for Cuenca’s transportation system and all of its trams feature low floors and wide doors which easily provide full access for those with reduced mobility or those travelling with children in pushchairs, bicycles, pets or luggage.

[waldron] 29/9/2022 17:17

09/27/2022 | 04:13pm BST


In a research note, Jefferies analyst Simon Toennessen has maintained his recommendation on the stock with a Buy rating. The target price remains unchanged at EUR 33.

[waldron] 29/9/2022 17:07

I feel certainly oversold and undervalued

As to fundraising, i have no idea

Perhaps more will be known as NOVEMBER IS APPROACHED

Free Cash Flow apparently will substantially improve in 2023 and thereafter

Surprised at todays sell off

[pendragon2] 29/9/2022 14:23

Does anyone consider a major fundraising likely here?

Given drop in the value of the Euro, doesn't this seem seriously undervalued under 17.

[waldron] 27/9/2022 20:32

Jefferies is positive and recommends the stock as a buy. The target price remains unchanged at EUR 33.

[ariane] 24/9/2022 09:19

(Boursier.com) - Alstom is down 2% on Friday to 17.50 euros, while Deutsche Bank is only targeting a price of 32 euros on the group, compared to 37 euros previously, while remaining at the buy side.


In the first quarter of 2022/23 (1 April to 30 June 2022), the group booked 5.6 billion euros in orders... Group revenue increased by 8% to €4 billion in line with the target trajectory.

The order book at 30 June 2022 reached €83.4 billion and provides strong visibility on future revenues...

Among other broker opinions, Credit Suisse had already lowered its price target to 37 euros.

The current economic and political context, becoming more complex, creates uncertainties on the operational activities and Alstom is no exception...

In particular, inflation will weigh to some extent on profitability in fiscal year 2022/23 and shortages of electronic components could put pressure on deliveries.

As a result, the Group has put in place strong risk management and cost reduction actions to weather this phase of uncertainty...

Translated with www.DeepL.com/Translator (free version)

[adrian j boris] 23/9/2022 08:44

* ALSTOM - Deutsche Bank lowers its target price to €32 from €37.

[waldron] 22/9/2022 20:23

Summary

The company's Refinitiv ESG score, based on a ranking of the company in relation to its sector of activity, is particularly good.

Strengths

The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of the analysts who cover the stock.

The stock has a very low valuation, with an estimated enterprise value of 0.59 times sales.

The company's price to net book value ratio makes the stock look relatively cheap.

The majority of analysts covering the stock recommend buying or overweighting the stock.

The average price target of the analysts following the stock is relatively distant and implies a significant potential for appreciation.

Weaknesses

The company's profitability before interest, taxes, depreciation and amortisation shows fragile margins.

The group's profitability is relatively low and is a weak point.

In terms of earnings multiples, the group is among the relatively well valued stocks in the market.

The company is highly valued given the cash flows generated by its business.

Over the last 12 months, the momentum of earnings revisions is largely negative. In general, analysts now expect profitability to be lower than their estimates a year earlier.

Analysts have revised their earnings expectations downwards in recent months.

The average price target of the analysts who follow the company has been significantly revised downwards over the last four months.

The estimates of the various analysts who follow the file are not all in line. The dispersion of estimates implies either a lack of visibility related to the business or divergent opinions.

The price targets of the various analysts who make up the consensus differ significantly. This reflects different assessments and/or difficulty in valuing the company.

Translated with www.DeepL.com/Translator (free version)

[waldron] 22/9/2022 19:23

Etihad Rail signs agreements with Alstom, SNCF, Progress Rail and Thales

22 September 2022


UAE: Etihad Rail has signed memoranda of understanding with SNCF International, Alstom, Progress Rail and Thales at InnoTrans, aiming to support economic development by driving the growth of the rail industry in the UAE and the region.

[waldron] 22/9/2022 17:56

(CercleFinance.com) - The break of the 19.7E support does not forgive and Alstom makes an incursion under the 17.7E, validating the breaking of the annual low of 18E (of March 7) then also of March 11, 2014... and is not far from retracing the historical low of 17.6E of June 27, 2016.
It must not be breached at any cost, as this would be a plunge without a net towards 15E, or even much lower.

[waldron] 21/9/2022 21:53

INTERNATIONAL RAILWAY JOURNAL

Alstom signs MoU with Saudi Arabia to explore hydrogen-powered trains
IRJ at InnoTrans 2022: Green traction would contribute to Saudi Arabia’s Vision


ALSTOM and Saudi Railway Company (SAR) have signed a memorandum of understanding (MoU) to develop hydrogen trains for local conditions in Saudi Arabia.

The MoU was signed by SAR senior vice president - operations, Mr Khaled Alharbi, and managing director of Alstom Saudi Arabia, Mr Mohamed Khalil. The objective is to explore opportunities for the future of sustainable mobility in the kingdom of Saudi Arabia and actively work to develop and implement solutions related to railway infrastructure and capability aligned with Vision 2030, a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors such as health, education, infrastructure, recreation, and tourism.

“This partnership is an opportunity for Alstom to grow our collaboration with SAR and work together to address the mobility needs of the kingdom as they execute Vision 2030,” says Alstom managing director for the Middle East, North Africa, and Turkey (MENAT) region, Mr Mama Sougoufara. “The focus on sustainable mobility solutions including hydrogen technology will be a key enabler to the diversification and economic growth of the kingdom.”

[florenceorbis] 21/9/2022 19:20

20 Sep 2022
Alstom and Polo Mercitalia (FS Group) sign an agreement for the supply of an additional 20 Traxx DC3 electric locomotives


1/3 The Traxx DC3 is the latest generation of high-power electric locomotives that maximises efficiency, minimises maintenance interventions, and provides higher load and traction capacity with lower energy consumption.



Gaia Mazzon


The agreement follows the contract signed in December 2017 for the supply of 40 latest-generation Traxx DC3 locomotives with an option of 20 further units


All locomotives will be produced in the Alstom plant in Vado Ligure

20 September 2022 – Alstom, global leader in smart and sustainable mobility, will supply the leading national railway operator, Polo Mercitalia (Gruppo Ferrovie dello Stato), with 20 new generation Traxx DC3 electric locomotives, named E.494 in Italy. The delivery of these new units is scheduled to start early 2024 and will be completed during that year.

These are 20 additional units under the contract signed in December 2017 by Mercitalia Rail. Alstom has already delivered the 40 Traxx DC3 locomotives, which started commercial operation more than three years ago. The fleet’s locomotives will be included in the Full Maintenance programme provided by Alstom Italia Service.

“We are extremely proud that Polo Mercitalia, our long-standing customer and the first one to have invested in the Traxx DC3 high-power electric locomotive, has decided to exercise this purchase option for a further 20 units in addition to the 40 already delivered.”





"In order to make rail transport more sustainable and efficient, it is essential to renew our fleet of locomotives and wagons," says Gianpiero Strisciuglio, CEO of Mercitalia Logistics. "Over a 10-year period, we plan to purchase 3,500 wagons and more than 300 new generation, environmentally- friendly electric and hybrid locomotives, including these 20. These locomotives are very innovative because they can be equipped to perform the last rail mile, penetrating directly into non-electrified areas such as inland terminals and ports with a quick power change, directly connecting rail transport with other transport modes."

"We are extremely proud that Polo Mercitalia, our long-standing customer and the first one to have invested in the Traxx DC3 high-power electric locomotive, has decided to exercise this purchase option for a further 20 units in addition to the 40 already delivered," says Michele Viale, Managing Director of Alstom Italy and Chairman and CEO of Alstom Ferroviaria. "This additional agreement is another proof of the trust that our customers have in our Group and in the Traxx DC3 product, which stands more than 160 units sold, of which around 90 are circulating on the Italian rail network."


20
new generation Traxx DC3 electric locomotives


2024
This is the year of delivery for these new units


3,500
wagons and over 300 electric and hybrid locomotives will be purchased over a period of 10 years

The Traxx DC3 is the latest generation of high-power electric locomotives that maximises efficiency, minimises maintenance interventions, and provides higher load and traction capacity with lower energy consumption. The Traxx DC3 locomotive is part of the Traxx 3 platform, the most modern four-axle locomotives in Europe. The last 20 years in Europe has seen sales of over 2,400 Traxx locomotives, with homologation in 20 countries and a total annual distance covered of over 300 million km.

All the Traxx DC3 locomotives designed for the Italian market will be produced at Alstom's Vado Ligure site. The plant that has more than one hundred years of experience in the design and construction of locomotives, including the latest generation of Traxx electric locomotives and it is a centre for production and maintenance of rolling stock and subsystems. A historic site, where more than 400 employees, are currently engaged in the manufacture of the latest generation of Traxx electric locomotives, as well as carrying out major overhauls of traction units.

Alstom™ and Traxx™ are protected trademarks of the Alstom Group.

[florenceorbis] 21/9/2022 19:19

21 Sep 2022
Alstom collaborates with Saudi Railway Company (SAR) to advance sustainable mobility in Saudi Arabia

MoU signed with Saudi Railway Company at InnoTrans 2022 to develop hydrogen train solutions for Saudi Arabia.


Bahaa Omran


MoU in Saudi Arabia to explore hydrogen powered trains for the Kingdom

21 September 2022 – Alstom, global leader in the green and smart mobility sector, and Saudi Railway Company (SAR) signed a memorandum of understanding (MoU) to develop hydrogen train solutions adapted for Saudi Arabia.

The MoU was signed by Mr. Khaled ALHARBI, Senior Vice President Operations at SAR, Kingdom of Saudi Arabia and Mohamed KHALIL, Managing Director of Alstom Saudi Arabia, after a series of meetings where both parties discussed the increasingly demanding access to seamless, safe, integrated and sustainable public transport services.

The objective is to explore opportunities for the future of sustainable mobility in Saudi Arabia and actively work to develop and implement solutions related to railway infrastructure and capability aligned with Vision 2030.

With this MoU, Alstom has reaffirmed its aim to create global mobility champions rooted in Saudi Arabia and to establish a long-lasting partnership with Saudi Arabian Railways.
Mama Sougoufara, MD, Middle East Alstom

“This partnership is an opportunity for Alstom to grow our collaboration with Saudi Arabia Railways and work together to address the mobility needs of the Kingdom as they execute on Vision 2030.”


“This partnership is an opportunity for Alstom to grow our collaboration with Saudi Arabia Railways and work together to address the mobility needs of the Kingdom as they execute on Vision 2030. The focus on sustainable mobility solutions including the hydrogen technology will be a key enabler to the diversification and economic growth of the Kingdom,” said Mama SOUGOUFARA, Alstom’s Managing Director for the MENAT region (Middle East, North Africa, and Turkey).

Alstom first arrived in Saudi Arabia in 1951, when it installed the first gas turbine. Since then, the global mobility leader has become a key contributor to the advancement of the region's transport infrastructure. To date, the company remains a leading supplier of sustainable mobility solutions in the Kingdom thanks to its investment in rail transport systems.

Recently, Saudi Arabia also announced its Net Zero by 2060 commitment, becoming one of the first countries in the region to do so. Sustainable mobility infrastructure such as railway transport will play a key role in realising the country’s sustainability goals as it gears to creating a more sustainable future for its citizens and the region.

Alstom™ is a protected trademark of the Alstom Group.

[florenceorbis] 21/9/2022 19:17

JP Morgan analyst Akash Gupta maintains his Buy rating on the stock. The target price remains set at EUR 30.

[waldron] 19/9/2022 19:37

Financial calendar

Upcoming events on ALSTOM

16 November 2022 07:30 (CET)

Financial results

FY 2022/23 - Half-Year results