Sign in

    Vladimir Maximovich Sergievskii

    Research Analyst at Bank of America

    Vladimir Maximovich Sergievskii is an Equity Research Director and Research Analyst at BofA Securities (Bank of America), specializing in industrials and European multinational corporations. He has covered companies including Alstom, SBM Offshore, Smiths Group PLC, and TechnipFMC, participating actively in earnings calls and capital markets events. With substantial experience in leading industry research, Sergievskii has held his role at Bank of America since at least 2020 and is recognized for his deep sector expertise. He holds professional credentials typical for senior research analysts, including likely FINRA registration and securities licenses, supporting his authoritative standing in equity research.

    Vladimir Maximovich Sergievskii's questions to ALSTOM (ALSMY) leadership

    Vladimir Maximovich Sergievskii's questions to ALSTOM (ALSMY) leadership • Q2 2022

    Question

    Vladimir Maximovich Sergievskii asked about project execution, questioning the reason for a ~EUR 200 million increase in provisions and the driver behind a EUR 650 million rise in contract assets.

    Answer

    CFO Laurent Martinez clarified that the provision increase was not due to heightened risk but was a mechanical accounting impact under IFRS 15, resulting from booking economically positive options on negative-margin contracts. He reaffirmed that the overall risk assessment on the ex-BT portfolio is unchanged. The increase in contract assets is driven by the production ramp-up.

    Ask Fintool Equity Research AI