Alstom Cuts Full-Year Profit Guidance
Alstom reported first-half orders of €11bn, up from €10.5bn a year earlier, and sales up 3% to €9.3bn. Adjusted EBIT margin was around -4%, versus 6.4% a year earlier; production fell 8% to 1,860 cars.
For the half year to September end, Alstom said orders received had risen to €11bn from €10.5bn in the same period a year earlier, while sales increased 3% to €9.3bn and the adjusted EBIT margin was around -4%, from 6.4% a year earlier.Alstom manufactured 1,860 cars in the first half, down 8% from…