Alstom Q1 2017/18 orders and sales
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- Order intake of 1.9 billion
- Sales of 1.9 billion with organic growth at 5%
- 2020 objectives confirmed
Over the first quarter 2017/18 (from 1 April to 30 June 2017), Alstom booked 1.9 billion of orders, compared to 0.9 billion over the same period last year. Sales, at 1.9 billion, were up 5% organically over the first quarter 2017/18.
At 34 billion on 30 June 2017, the backlog provides strong visibility on future sales.
"During this first quarter, commercial momentum was good, with several major awards in all regions especially in North America. Meanwhile, the Group keeps on innovating and unveiled several breakthrough technologies for smarter mobility. Alstom confirms its 2020 objectives." said Henri Poupart-Lafarge, Alstom Chairman and Chief Executive Officer.
Detailed review
During the first quarter of 2017/18, Alstom recorded 1,909 million of orders, including two contracts in Canada for almost 100 light rail vehicles, a first metro system contract in Vietnam, contracts for regional trains in Senegal and Germany, a fleet modernisation project in the USA, as well as part of metro system contract for Manila in Philippines.
Sales, at 1,856 million, were up 6% (5% organically) in the first quarter 2017/18 compared to the same period last year. Sales were mainly fuelled by deliveries of regional trains in France and Sweden, high-speed trains in France and Italy, progress of the Riyadh metro system in Saudi Arabia, the PRASA project in South Africa, a maintenance contract in the United Kingdom and the start of Dubai metro system extension in the United Arab Emirates.
Main events
In April 2017, Alstom launched several smart mobility technologies to address the evolving needs of both operators and passengers, such as Mastria, the first multimodal supervision solution. Alstom and Airbus also signed a strategic cooperation agreement in the field of cybersecurity.
In June 2017, Alstom obtained ISO 37001 certification for its anti-bribery management system, confirming its commitment to fight corruption.
Objectives for 2020 confirmed
By 2020 sales should grow organically by 5% per year.
Adjusted EBIT margin should reach around 7% by 2020 driven by volume, portfolio mix and results of operational excellence actions.
By 2020, Alstom expects c. 100% conversion from net income into free cash flow.
This press release contains forward-looking statements which are based on current plans and forecasts of Alstoms management. Such forward-looking statements are relevant to the current scope of activity and are by their nature subject to a number of important risks and uncertainty factors (such as those described in the documents filed by Alstom with the French AMF) that could cause actual results to differ from the plans, objectives and expectations expressed in such forward-looking statements. These such forward-looking statements speak only as of the date on which they are made, and Alstom undertakes no obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
Full version of the Press release (with appendix) below in pdf.
The half-year financial report, as approved by the Board of Directors, in its meeting held on 8 November 2016, can be found on Alstoms website at www.alstom.com. The accounts have been audited and certified.