Alstom Cuts Full-Year Profitability Target, Warns of €1.5 Billion Cash Burn
Alstom cut its full-year outlook again after execution problems on its Coradia Max platform in Germany drove half-year profitability sharply lower and worsened cash flow.
French train maker Alstom EURONEXT:ALO cut its full-year outlook again on Monday, after execution problems on its Coradia Max platform in Germany drove half-year profitability sharply lower and worsened cash flow.The warning comes less than seven months after Alstom scrapped a three-year free cash…