France Alstom has high of 6% in 1st Qtr sales and keeping goals for 2020

PARIS-the French manufacturer Alstom trains and equipment reported a 6% increase in sales in the first quarter compared with the same period last year, and kept the financial goals for the short term. The company, in which the French Government holds around 20%, reported that sales totaled 1.9 billion euros in the first quarter, helped by new contracts won in North America. Alstom still kept a target of annual organic growth of 5% in sales until 2020. The company still anticipates that the profit margin before interest and taxes (Ebit) reaches about to 7% until 2020.