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0.0479041916167665 0.0479041916167665 0.0479041916167665 0.0479041916167665 0.0538922155688623 0.0538922155688623 0.0748502994011977 0.0897005988023953
Stock impact report

French rail manufacturer Alstom reports rise in full-year sales [Yahoo! Finance]

ALSTOM UNSP/ADR (ALSMY) 
NASDAQ:AMEX Investor Relations: alstom.com/investor-relations
Company Research Source: Yahoo! Finance
The company reported earnings before interest and taxes (EBIT) before purchase price allocation (PPA) of €356 million ($383 million) for the full year, lower than €366 million in the previous year. Excluding special items, adjusted EBIT increased 17% to €997 million from €852 million a year ago. For the full year, Alstom posted a net loss of €309 million, wider than €132 million loss last year. On an adjusted basis, the company had a profit of €44 million, down from €292 million the prior year. Sales for the year, however, increased 6.7% to €17.619 billion from €16.507 billion in the previous year. On an organic basis, sales grew 9.4%. Orders received declined 8.4% to €18.947 billion, while backlog increased 5.2% to €91.9 billion. Additionally, the company said that as confirmed in January, its deleveraging plan includes issuance of €750 million hybrid bonds, which will be executed by September 2024. Alstom also said preferential subscription rights amounting to €1 bill Show less Read more
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