France’s Alstom tops market views on first-quarter sales

French train maker Alstom on Wednesday reported slightly higher than expected sales for its first quarter, driven by the ramp-up of projects in Germany and continued execution of projects in France, the US and Italy.

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Alstom, which makes trains and signalling systems for urban and regional rail networks, recorded sales of 4.51 billion euros ($5.29 billion), up 7.2% on an organic basis, while analysts had anticipated sales of 4.4 billion euros and organic growth of 5.3%, according to a Visible Alpha consensus.