(Reuters) – Alstom reported on Wednesday a 2.6% increase in its turnover in the third quarter of its financial year, citing the good performance of its Services and Systems activities.
The group’s turnover stood at 4.33 billion euros over the October-December period, compared to 4.22 billion euros a year earlier.
The French railway equipment specialist also reported 5.45 billion euros in orders in Q3, up 5.8% on published variation.
The company has confirmed its short and medium term objectives.
Alstom announced last November that it was considering a capital increase, job cuts and asset sales, as part of a series of efforts to reduce its debt and ease investor concerns.
The group indicates that “asset disposal processes are progressing” and confirms the range of disposals aimed at generating between 500 million and 1 billion euros.
The company specifies that the plan to reduce its net debt by 2 billion euros by March 2025 will be detailed during the publication of annual results in May.
As of September 30, 2023, the group reported net debt of 3.43 billion euros.
(Gaëlle Sheehan)
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