Alstom Warns on Profit and Explores Options to Cut Debt
J.P. Morgan calls Alstom’s material profit warning and exploration of options to cut debt a painful but necessary clearing event. The company also pre-announced first-half results, which were hurt by provisions related to the troubled Coradia-Max train.
Alstom's material profit warning and exploration of options to cut debt by around 2 billion euros represent a painful but necessary clearing event, J.P. Morgan says. The French company also pre-announced first-half results which were hurt by provisions related to the troubled Coradia-Max train cont…