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Investing.com -- Alstom shares climbed 4% following the company’s strong commercial performance in the first half of its fiscal year, with momentum continuing into the second half.
The transportation company reported that order intake remains a key driver supporting expectations of a €1 billion free cash inflow in the second half of the year. The positive trend is based on both announced orders and those in the backlog.
Profit margins expanded to 6.4% in the first half, benefiting from joint venture contributions, increased volume, and improvements in research and development and selling, general, and administrative expenses. These positive factors helped offset challenges from scope changes and foreign exchange impacts.
Alstom reiterated its full-year margin target of approximately 7%, which implies a second-half margin improvement to around 7.6%. This represents another step toward the company’s mid-term targets.
The company has raised its full-year revenue target, with other key performance indicators scheduled for review in the third quarter. The positive business outlook for the second half is expected to continue supporting share price performance.
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