2024-05-08 16:06:43
Henri Poupart-Lafarge, CEO of Alstom. Alstom/Baillais
EXCLUSIVE – On the occasion of the publication of the annual results, the boss of Alstom explains, in an interview with Le Figaro, the crisis experienced by the French rail giant and details the measures taken to strengthen its balance sheet structure.
LE FIGARO. – What is Alstom’s state of form, at the end of a complicated 2023-2024 financial year? ?
HENRI POUPART-LAFARGE. – Alstom is doing better. The company is today engaged in a new stage of its recovery, launched several months ago and of which we are seeing the first signs in our results. A deterioration in our operational performance in the first half had consequences on the generation of free cash flow (free cash flow, editor’s note). In order to rectify the situation, we took a major step forward in October, focusing on more efficient cash management. We had an inventory problem, with too much stock of undelivered trains, and too high customer payment arrears. The situation turned around positively in the second half: we delivered a large number of our trains in stock and payment arrears are at an all-time low. As a result, our free cash flow is strongly positive…
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