PARIS, May 4 (Reuters) - French train maker and manufacturing group Alstom reported a rise in annual profits and kept its financial targets for higher sales and earnings in the near term.
Alstom reported that its 2016-2017 adjusted earnings before interest and tax (EBIT) had risen by 15 percent from the previous year to 421 million euros ($458.6 million).
Alstom confirmed its financial targets, namely that by 2020 sales should grow on a like-for-like basis by 5 percent each year and that its adjusted EBIT margin should reach around 7 percent.
Alstom’s results were published on the company’s website.
$1 = 0.9179 euros Reporting by Sudip Kar-Gupta; Editing by Stephen Coates