Alstom cuts outlook amid weaker sales of power equipment

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Source: Bloomberg
Alstom SA, the largest French producer of power equipment and trains, announced cuts of a forecast concerning the operating profit margin for the current year, as sales of power equipment drop. Now, Alstom expects the operating profit to be 7% from sales, while the previous forecast was 7.2%. Based on these news, Alstom SA shares are today plunging 11.4% to 24.59 euro by 9:50 GMT in Paris.
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