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Top related persons:
Henri Poupart - 3 Lafarge - 2 Gonzalo Fuentes - 2 Regis - 1 Philippe Petitcolin - 1 Safran - 1 Olivier Sorgho - 1 Milla Nissi - 1
Top related locs:
France Saint Ouen Paris Semeac Tarbes Gdansk
Top related orgs:
Alstom - 3 REUTERS - 3 Thomson - 3 X - 2 Traders - 1 Caisse - 1 London Underground - 1 Deutsche Bank - 1

Search resuls for: "Henri Poupart"


4 mentions found


☆ Alstom to cut 1,500 staff, sell assets
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +1 min
A logo of Alstom is seen at the Alstom's plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau/File Photo Acquire Licensing RightsNov 15 (Reuters) - Alstom (ALSO.PA) on Wednesday said it would cut jobs, sell assets and was considering a capital increase in a bid to boost its balance sheet and alleviate investor concerns over high debt. The maker of France's iconic TGV trains said it aimed to cut about 1,500 staff to help meet its confirmed mid-term targets. Alstom plans to cut its net debt by 2 billion euros ($2.2 billion) by March 2025. As of Sept. 30, it had a net debt of 3.43 billion euros.
Persons: Regis, Henri Poupart, Lafarge, Philippe Petitcolin, Safran, Olivier Sorgho, Milla Nissi, Silvia Aloisi Organizations: Alstom, REUTERS, Traders, Thomson Locations: Semeac, Tarbes, France, Gdansk
☆ Alstom takes the direct route to lower credibility
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Gonzalo Fuentes Acquire Licensing RightsLONDON, Nov 15 (Reuters Breakingviews) - Alstom’s (ALSO.PA) problems are piling up. Alstom’s headaches, which include an inventory build-up, project delays and an order slowdown, haven’t materially changed. But to retain its investment grade credit rating the group needs to slash net debt that has jumped 50% to 3.4 billion euros since March. But as Denmark’s Orsted (ORSTED.CO) has found, the only thing investors dislike more than operational upheaval is a message that constantly changes. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Gonzalo Fuentes, Henri Poupart, Lafarge, George Hay, taints, Lisa Jucca, Oliver Taslic Organizations: Alstom, REUTERS, Reuters, Caisse, X, Thomson Locations: Saint, Ouen, Paris, France
☆ Alstom cash crunch dents management credibility
  + stars: | 2023-10-05 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Gonzalo Fuentes Acquire Licensing RightsLONDON, Oct 5 (Reuters Breakingviews) - Alstom (ALSO.PA) CEO Henri Poupart-Lafarge faces an uphill struggle to shore up his credibility. The French train maker lost 35% of its market value – amounting to 3 billion euros - on Thursday after announcing that it would book negative free cash flow of 500 to 750 million euros this year. Finally, weaker than expected orders in the first half of the year generated less cash in the form of down payments. Given the potential for the group’s net debt to be 3 billion euros by year-end, 1 billion euros more than expected, Deutsche Bank analysts reckon it may soon need a capital increase. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Gonzalo Fuentes, Henri Poupart, Pierre Briancon, Aimee Donnellan, Streisand Neto Organizations: Alstom, REUTERS, Reuters, London Underground, Deutsche Bank, X, Sandoz, Brookfield, Temasek, Thomson Locations: Saint, Ouen, Paris, France
☆ Train maker Alstom's sales gain steam from European orders
  + stars: | 2023-01-25 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A logo of Alstom is seen at the Alstom's plant in Semeac near Tarbes, France, February 15, 2019. REUTERS/Regis Duvignau/File PhotoJan 25 (Reuters) - French train maker Alstom (ALSO.PA) on Wednesday posted an 8% rise in third-quarter sales, helped by strong orders in Europe. The COVID-19 pandemic and the war in Ukraine have hiked input costs and worsened supply-chain problems for train manufacturers, but a ramp-up in orders has nonetheless fuelled Alstom's sales growth. Revenue in the October-December period, Alstom's fiscal third quarter, amounted to 4.22 billion euros ($4.60 billion), compared with 3.92 billion in the same period a year earlier. Quarterly orders increased by 13% to 5.15 billion euros, with majority of them coming from Europe, the company said.
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