|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.99 - 39.60|
|52 Week Range||32.80 - 41.52|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||18.50|
|Earnings Date||Nov 2, 2015 - Nov 6, 2015|
|Forward Dividend & Yield||0.35 (0.91%)|
|1y Target Est||42.21|
Finance chiefs and controllers have more data than ever at their fingertips, but the process of sorting through countless facts and figures can be burdensome for many. Nearly half of the financial executives surveyed by Ernst & Young LLP said they spend more time gathering and processing information than they do analyzing it, according to a survey released by the accounting firm on Wednesday. “While more and more organizations are looking at data as a strategic asset, there are still many that unfortunately have further to go before they can execute on that strategy,” said Dana Bober, financial accounting advisory services leader at EY Americas, in the survey.
It’s unhelpful, then, that Alstom’s and Siemens’ rail businesses are flourishing. On Wednesday, Alstom said orders had more than doubled in the six months to September, compared to the same period last year, thanks to contract wins spanning Montreal, Mumbai and Morocco. It’s similar at Siemens AG. Orders at its mobility division jumped by a quarter in the most recent fiscal year, while the operating margin hit 10 percent.
France's Alstom voiced confidence it would finalise a merger with Siemens' railway business by the middle of next year despite an investigation by European authorities as it reported a big rise in first half profit. Germany's Siemens and Alstom, the maker of the TGV high speed train, agreed last year to merge their rail operations. "Alstom and Siemens continue to work constructively with the European Commission to explain the rationale and the benefits of the proposed combination," the company said in a statement.
SA (ALO.FR) said Wednesday that earnings rose in the first half thanks to higher volumes and operational improvements. Alstom attributed the higher earnings to a significant volume increase and streamlining operations.
Availability of the half-year financial report as at 30 September 2018 14 November 2018 - Alstom ...
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL Rail-equipment suppliers Bombardier ...
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it Read More...
BRUSSELS, Nov 12 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS None NEW LISTINGS -- U.S. global supplier ...
The consortium comprising Bombardier Transportation and Alstom has signed an amendment to the initial acquisition contract of October 2010, concluded with Société de transport de Montréal (STM), for the supply of an additional 153 metro cars (17 nine-car trainsets). Bombardier`s share is valued at €188 million ($281 million CDN), and Alstom`s share is valued at €112 million ($167 million CDN). Most of the manufacturing and the total of the final assembly of these additional vehicles will be undertaken at Bombardier`s facility in La Pocatière, in the Bas St-Laurent region of Québec, where the manufacturing of the last trainsets of STM is being completed, according to the agreed schedule.
is “willing to make concessions” to gain EU approval for its railway merger with Alstom but it “will find other solutions” if the deal to create a European champion does not materialise. Joe Kaeser, chief executive of the German company, said the merger of the two companies makes economic sense, but there are options should antitrust regulators quash the deal. Discussions between the companies and EU antitrust officials are ongoing.
6 November 2018 Disclosure of the total number of voting rights and shares forming the share capital as at 31 October 2018 Information pursuant to article L. 233-8 II of the Code de commerce and articles 223-16 and ...
The European Union's antitrust regulator has sent a series of objections to Siemens (SIEGn.DE) and Alstom (ALSO.PA) over their plans to create a Franco-German rail champion through a merger, an EU Commission spokesman said on Wednesday. The move follows the opening of a full-scale investigation into the deal in July and will force Siemens and Alstom to come up with specific concessions, which may include asset sales, to address the problems singled out by the Commission. "The Commission can confirm that it has sent a statement of objections to the parties in the Siemens/Alstom case.
BRUSSELS—Franco-German plans to create a rail company able to rival Chinese competitors hit roadblocks Wednesday when the European Union’s competition authority listed objections to a planned merger. “I can confirm we received the letter,” said Siemens spokesman Richard Speich, adding it would take the company some time to study all the objections and come up with remedies before a final decision is taken, by Jan. 28. Alstom spokesman Christopher English also confirmed receiving the commission’s letter and said his company will “continue to work constructively with the European Commission to explain the rationale and the benefits of the proposed merger.” He said Alstom remains confident that the merger will be completed in the first half of 2019.
25 October 2018 - The Alstom-led Gibela joint-venture has today inaugurated the largest and most advanced centre for train manufacturing in Africa - the first of its kind on the continent. In front of more than 300 people, the facility was officially opened by Mr. Cyril Ramaphosa, President of South Africa. Also present to celebrate this historic opening were Dr Blade Nzimande, the South African Minister of Transport, David Makhura, Premier of the Gauteng Province, Sibusiso Sithole, CEO of PRASA, Thierry Darthout, CEO of Gibela, Didier Pfleger, Alstom Senior Vice President for Middle East and Africa, and Xavier Boisgontier, Alstom Managing Director Southern Africa, along with Gibela`s partners Ubumbano Rail and New Africa Rail.
Siemens and Alstom will receive a warning this week from European Union antitrust regulators that their plan to create a Franco-German rail champion will hurt competition, a person familiar with the matter said on Tuesday. The European Commission, which opened a full-scale investigation into the deal in July, will send a statement of objections or charge sheet setting out its concerns about specific areas, the person said, though it is possible the timetable for doing so could slip to next week. The move will force Siemens and Alstom to come up with specific concessions, which may include asset sales, to address the problematic areas singled out by the Commission.