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BRIEF-Alstom FY Adjusted EBIT Up At EUR 645 Mln, Additional Provisions On Bombardier

05/11/2021 01:33
BRIEF-Alstom FY Adjusted EBIT Up At EUR 645 Mln, Additional Provisions On Bombardier

- ALSTOM SA ALSO.PA:

  • FY SALES EUR 8.79 BILLION VERSUS EUR 8.20 BILLION YEAR AGO

  • FY ORDERS BACKLOG EUR 74.54 BILLION VERSUS EUR 40.90 BILLION YEAR AGO

  • FY ADJUSTED EBIT EUR 645 MILLION VERSUS EUR 630 MILLION YEAR AGO

  • FY NET INCOME GROUP SHARE EUR 247 MILLION VERSUS EUR 467 MILLION YEAR AGO

  • END-FY FREE CASH FLOW EUR 703 MILLION NEGATIVE VERSUS EUR 206 MILLION POSITIVE YEAR AGO

  • EUR 632 MILLION ADDITIONAL PROVISIONS FOR RISKS ON BOMBARDIER TRANSPORTATION BBDb.TO CONTRACTS ON TOP OF EUR 451 MILLION ALREADY IN BOMBARDIER TRANSPORTATION BALANCE SHEET AS OF DEC 2020

  • BOMBARDIER: CONFIRMS ITS OBJECTIVE TO GENERATE €400 MILLION COST SYNERGIES ON ANNUAL RUN RATE BASIS BY FOURTH TO FIFTH YEAR AND TO RESTORE BOMBARDIER TRANSPORTATION’S MARGIN TO A STANDARD LEVEL IN THE MEDIUM TERM

  • BOMBARDIER: TRANSACTION IS EXPECTED TO BE DOUBLE DIGIT EPS ACCRETIVE FROM YEAR 2 POST CLOSING AND TO PRESERVE ALSTOM’S STRONG CREDIT PROFILE WITH A BAA2 RATING

  • TO PROPOSE A DIVIDEND DISTRIBUTION OF €0.25 PER SHARE

Source text for Eikon: ID:nGNE4Zr9Tj

Further company coverage: [ALSO.PA ]


(Gdansk Newsroom)

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