The former French energy champion and refocused on the railway track reaffirms its strategic priorities for 2020: increase its presence in emerging markets and increase the share of systems and services in its turnover.
No revelation but a confirmation. That of a strategy geared to emerging countries and reducing the share of rolling stock in the group activity. Alstom, now reduced to rail, presented its 2020 investors and financial analysts on March 30.
The group’s ambition is to “ organic growth of about 5% per year ” in 2020, said a statement from the group. “ The adjusted operating margin [roughly the operating EBIT margin, note] should reach around 7% in 2020 driven by volume, product mix and the impact of operational excellence Equity . “
Alstom says he especially should realize € 250 million per year in savings in terms of purchasing. The group plans to climb above its margin, now around 5%, but also to counter the global competition that drives prices down.
To grow faster than the market (growth of 2.8% per year according to the International Union of Railways), Alstom put on an international reinforcement, – emerging in mind – that “ will generate additional investment 300 million over the next three years “, the statement said.
Downturn in France
In France, however, the time is in decline. “ We actually know of uncertainties in load plans, uncertainties differ between sites and the type of product. We are now working to gradually adapt our sites to their load “, explained at newspaper Les Echos , Henri Poupart-Lafarge, CEO of Alstom.
Another major focus of the strategy of the group reaffirmed on 30 March: Alstom wants to rely less on outright sale of rolling stock, the activity most exposed to competition from new players in the international market. Smaller specialist players like Stadler and especially the Chinese giant CRRC, fusion CSR and CNR. Alstom wants to raise to 60% the share of its turnover derived from the signaling systems and services.
Moragues Manual
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