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PARIS, July 20 (Reuters) - Alstom SA, which is selling its power equipment business to General Electric Co , posted an 8 percent rise in first-quarter sales on Monday and confirmed its medium-term growth target. The French company said order intake fell to 2 billion euros ($2.17 billion) from 4.8 billion in the year-earlier period that benefited from a 4 billion contract in South Africa. Sales were 1.6 billion euros, it said in a statement. "The project with General Electric is moving ahead; the process for competition and regulatory authorisations is ongoing and we are actively working to complete it," Alstom Chief Executive Patrick Kron said. "After closing, we plan to call a shareholders' meeting to vote on the amount of cash proceeds to be distributed to shareholders." Alstom also confirmed that it expects sales to grow at over 5 percent a year organically in the medium term and that its operating margin should gradually improve within the 5 percent to 7 percent range. ($1 = 0.9237 euros) (Reporting by James Regan; Editing by Christopher Cushing)
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Alstom
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CODE : ALO.PA |
ISIN : FR0010220475 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Alstom is based in France. Alstom is listed in France, in Germany and in United Kingdom. Its market capitalisation is €UR 3.4 billions as of today (US$ 3.6 billions, € 3.4 billions). Its stock quote reached its highest recent level on February 09, 2007 at €UR 98.98, and its lowest recent point on April 23, 2024 at €UR 15.34. Alstom has 219 127 000 shares outstanding. |