Jul. 20, 2015, 7:22 AM
- Alstom (OTCPK:ALSMY) posted an 8% rise in first-quarter sales today and confirmed its medium-term growth target.
- Overall, orders received totaled €2B, down from €4.8B in the same period a year before, after receiving a boost from a €4B jumbo rail contract in South Africa.
- The company also confirmed its sales forecast at over 5% a year organically in the medium term and that its operating margin should gradually improve within the 5-7% range.
- Regarding the GE deal: Alstom expects to complete the transaction in the coming months.
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Industry: Electronic Equipment
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