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French group Alstom posts higher profit, keeps financial targets
May 4, 2017 / 5:19 AM / 7 months ago

French group Alstom posts higher profit, keeps financial targets

PARIS, May 4 (Reuters) - French train maker and manufacturing group Alstom reported a rise in annual profits and kept its financial targets for higher sales and earnings in the near term.

Alstom reported that its 2016-2017 adjusted earnings before interest and tax (EBIT) had risen by 15 percent from the previous year to 421 million euros ($458.6 million).

Alstom confirmed its financial targets, namely that by 2020 sales should grow on a like-for-like basis by 5 percent each year and that its adjusted EBIT margin should reach around 7 percent.

Alstom’s results were published on the company’s website.

$1 = 0.9179 euros Reporting by Sudip Kar-Gupta; Editing by Stephen Coates

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