Shares of Alstom SA were gaining around 3 percent in the morning trade in Paris after the French rolling stock maker reported Wednesday narrower net loss in its first half with higher sales amidst increased orders. The company also projects higher margin in fiscal 2023.
Looking ahead for the fiscal 2023, Alstom projects its adjusted EBIT margin to be in the range of 5.1 percent to 5.3 percent. The company previously said it expects progressive aEBIT margin increase in fiscal 2023. In fiscal 2022, adjusted EBIT margin was 5 percent.
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