ALSTOM S.A. UNSP.ADR 1/10

Alstom’s stock fell about 27% in early trading to a new multi‑year low after the company withdrew its outlook for free cash flow and operating margin. Since the year’s highs in February the share price has halved. Analysts such as Martin Wilkie (Citibank) and Jefferies are maintaining buy recommendations and point to strong demand and rising order books, but see problems in project execution and a delay to the turnaround. » More on de.investing.com

From next spring, 30 newly procured Regiolis trains from Alstom will be gradually deployed on border routes between eastern France and Baden-Württemberg, Rhineland-Palatinate and the Saarland. The entry into service was delayed due to additional approval and brake tests in Germany; these tests are expected to be completed by the end of the year. ETCS installations on lines and crossings are planned for late 2025 to early 2026, and from the end of 2027 more frequent services and new direct connections are planned. The trains cost €388 million, are already operating in France, and the specific operator for the cross-border services will still be tendered. » More on finanzen.net

Alstom shares rose 4.5% in early trading, overcoming the repeatedly tested resistance around €23 on the way to the March yearly highs. UBS highlighted the company’s confident comments on the conference call about the half-year results and sees a chance of a later upward revision to the outlook. Margins on order intake and order book were also viewed positively, despite currency headwinds. » More on de.investing.com