Trading of Alstom was briefly suspended at the open of the Paris Stock Exchange.
Shares of French train manufacturer Alstom plummeted up tp 35% on Thursday, according to LSEG data, after the company slashed its free cash flow forecast.The fall puts it on course for the worst day in at least 20 years, according to LSEG data.Director of the Alstom Valenciennes production plant seen in front of a car being delivered to the Regie des Transports de Marseille) technical centre.plummeted by up to 38% on Thursday after the company slashed its free cash flow forecast.
The fall puts the company on course for its worst trading day in at least 20 years, according to LSEG data. The initial share decline wiped roughly 2.9 billion euros from Alstom's market value, Reuters reported. Analysts suggested there were no liquidity concerns at the company but said there was a track record of free cash flow volatility, with Deutsche Bank describing the latest update as a "major blow" to management credibility.
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