The French industrial group Alstom unveiled on Thursday a six-percent increase in its first-quarter sales and a 20 percent jump in orders, sending its shares climbing in early trading. Alstom sales in the three months from April through June climbed to 4.78 billion euros ($5.87 billion), while orders gained 20 percent to 6.03 billion euros, a statement said. Meanwhile, "the current tendering remains active, still driven by prospects in emerging markets but also in Europe for transport" equipment, Alstom chairman and chief executive Patrick Kron was quoted as saying. Analysts polled by Dow Jones Newswires had expected sales to gain six percent but had forecast an increase in orders of just 14 percent. Alstom shares shot up by 3.63 percent to 26.84 euros in early trading on the Paris stock exchange, which was up by 0.40 percent overall. The group, which makes railway equipment and power generators, confirmed its full-year targets of five percent growth in sales for three years, and an increase in operating margin to eight percent by the 2014-2015 fiscal exercise.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor