Advertisement
Singapore markets closed

  • Straits Times Index

    3,274.62
    -13.13 (-0.40%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,106.91
    +28.05 (+0.35%)
     

  • Bitcoin USD

    64,439.81
    +429.73 (+0.67%)
     

  • CMC Crypto 200

    1,388.44
    -8.09 (-0.58%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • Dow

    38,085.80
    -375.12 (-0.98%)
     

  • Nasdaq

    15,611.76
    -100.99 (-0.64%)
     

  • Gold

    2,358.70
    +16.20 (+0.69%)
     

  • Crude Oil

    83.62
    +0.05 (+0.06%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,060.97
    -94.32 (-1.32%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Debt-free Alstom confirms target after record order intake

Reuters
The logo of Alstom is pictured on a building during an inaugural visit of the Alstom offshore wind turbine plants in Montoir-de-Bretagne, near Saint-Nazaire, western France, December 2, 2014. REUTERS/Stephane Mahe

PARIS (Reuters) - France's Alstom (ALSO.PA) said on Wednesday it was debt free and had improved its operating margin, adding that it was counting on a record order intake to meet its 2020 targets. The company, which has refocused on transport after the sale of its energy business to General Electric (GE.N), reported turnover of 6.881 billion euros (5.42 billion pounds) for the full year to end-March, representing organic growth of 7 percent.

Alstom, in which Bouygues (BOUY.PA) holds a 29 percent stake, maintained its organic growth target of 5 percent per year through 2020 after a year driven by record order intake of 10.6 billion euros thanks to locomotive contracts in India.

"The implementation of our strategy is on track, allowing us to confirm our 2020 objectives," said Henri Poupart-Lafarge, the company's chairman and chief executive.

(Reporting by Cyril Altmeyer and Bate Felix; Editing by James Regan)