Alstom SA (FR:ALO) has released an update.
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Alstom SA experienced a strong order book of €18.9 billion and sales of €17.6 billion in the fiscal year 2023/24, leading to a solid backlog of €92 billion, ensuring future sales visibility. Despite a 17% increase in adjusted EBIT to €997 million, the company faced a net income loss of €(309) million and a free cash flow of €(557) million, prompting a decision to forgo dividend payments for the year. While the company’s net debt increased, it maintains a robust liquidity position and has a comprehensive €2 billion deleveraging plan in place.
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