法国火车制造商阿尔斯通的股价暴跌 17%，其股价跌至斯托克 600 指数末尾，原因是投资者在分析其全年业绩。

　　按有机基准计算，销售额同比增长 6.6%，达到 185 亿欧元（208 亿美元），预计下一财年的增长率将降至 3% 至 5% 之间。

　　调整后的息税前利润（EBIT）利润率从 5.7% 提高至 6.4%，而自由现金流（FCF）—— 该公司长期存在的一个问题 —— 为 5.02 亿欧元，略高于指引和市场预期。

　　花旗分析师在一份报告中表示：“虽然我们看到订单水平（同比）下降，但预计有关储备订单的评论将保持乐观。”

　　“我们最近将评级下调至中性，并认为更大的催化事件将在当前规划期于（全年）27 年结束时发生，届时有可能实现更高的利润率，并且自由现金流转换率将在此之后进一步改善。”

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责任编辑：郭明煜

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