Nov 07 2013
Alstom1 accelerating its restructuring. The group announced Wednesday its intention to withdraw in 1300 stationed in Europe and sell a minority stake in the Transport division to accelerate savings. Published this morning, the interim results are marked by a sharp deterioration in its orders and its generation trésorerie.Son CEO Patrick Kron said the planned job cuts in 1300 were mainly to Europe, especially the equipment sector power plants and for central costs, positions in IT. The specialist in energy and rail infrastructure is penalized by a particular market sluggish gas stations in Europe. It also plans to sell non-strategic assets, its divestment program to bring him to total between one billion and two billion by December 2014. "We want to be able to both strengthen our balance sheet and, if necessary, make acquisitions that allow us to develop areas of our strategy," he said during a conference call CEO Patrick Kron, stating that no large external growth operation was not considered. In exchange, the Alstom shares rose 6% in early trading on the Paris Bourse after the annonces.Alors Alstom seeks both industrial partners and financial investors for its Transport business, whose activities include the construction TGV and signaling systems, Patrick Kron said he did not rule out introducing the pole Exchange. "I can not tell you if it will sell 20-30% (…), but we have the time," he added. Alstom said its annual cost savings "should gradually reach 1.5 billion by the year of April 2016" and, in this context, its restructuring costs should be between 150 and 200 million per year, against 100 to 150 million previously forecast. The band recorded in the first half ended September 30, net profit of 375 million euros (-3%), operating income of $ 695 million (-1%) and a turnover of 9,730 million (stable ), its operating margin reaching 7.1% against 7.2% in the first half of 2012-2013. Its order intake at the same time decreased 22% to € 9.4 billion, with falling demand for large projects, including equipment for thermal power plants.It's no surprise that fast cash loans have become a popular staple in today's consumer world.