The company forecast revenue growth of 10%-12% and a free cash-flow of around €1 billion, and said it had initiated a restructuring of its wind business, replacing the unit’s CEO in the process.
The Riksbank cut its key rate to 3.75% from 4%, in line with forecasts, becoming only the second central bank from a rich, advanced economy to begin its easing cycle following the post-pandemic surge in inflation.
Tom Zhu, who is credited with turning Tesla’s Shanghai factory into a stellar performer, is set to return to China, where the electric-vehicle maker’s sales have declined.
Alstom said adjusted earnings rose 17% with an improved margin and guided for further profit growth in 2025, as it looks to cut overheads and procurement costs.
