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Investing.com -- Alstom (EPA:ALSO) reported stronger-than-expected sales for the first quarter on Wednesday, supported by solid project activity in Germany and ongoing execution in France, the U.S., and Italy.
Quarterly sales reached €4.51 billion, marking a 7.2% increase on an organic basis. That came in ahead of analysts’ expectations of €4.4 billion and 5.3% organic growth, according to Visible Alpha.
Alstom shares were up roughly 4% in Paris trading as of 09:20 GMT.
The French company, which produces trains and signalling systems for both regional and urban networks, said orders totaled €4.1 billion for the quarter, broadly in line with market forecasts. The latest figures include a €1.7 billion contract in France and a €600 million agreement in Bulgaria.
CFO Bernard Delpit said on a call with analysts that tariffs had only a “minimal” impact during the quarter, thanks in part to “constructive discussions with customers” that helped alleviate cost pressures.
He added that Alstom expects to continue limiting the effects of U.S. tariffs for the remainder of the fiscal year through contractual mechanisms, including change-of-law provisions.
The company, which is currently searching for a new chief executive, reaffirmed its full-year guidance for 2025–2026.