Alstom Shares Drop 30 Percent Following Cash Flow Warning
Alstom shares fell 30 percent after the firm withdrew its cash flow target. The train maker expects a 1.5 billion euro outflow in the first half of the year.
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Shares of the French rail manufacturer AB SA plummeted by approximately 30% on Friday. This significant decline followed the company's decision to withdraw its three-year cash flow forecast, marking the second such warning from the firm based in France in less than three years.
