Alstom shares fall 26% in early Paris trading after forecast cut

Alstom cut its profit and cash-flow forecasts after setbacks on German Coradia Max trains, and its shares fell 26% in early Paris trading. It now expects a €1.5 billion cash burn for the fiscal year ending March 31 and plans to reduce debt by €2 billion, potentially through asset sales. Alstom says the train delays will affect deliveries under six contracts and bring penalties.