No profit-warning at ALSTOM

25 February 2000 - In the face of wide-spread market rumours
of a profit-warning concerning ALSTOM, ALSTOM's management
confirms the full year 1999/00 outlook announced at the time of
the publication of the Company's First Half Results on 23
November 1999 and re-confirmed at the time of the Company's 9
Months Orders and Sales announcement on 18 January 2000.

ALSTOM's wholly-owned businesses (excluding Energy) are
expected to report progress in operating performance for full
year 1999/00 compared to the level of 4.6% recorded last
year.

Energy's operating performance has been affected by the
lower than expected level of operating income of ABB ALSTOM
POWER during its first half of operations and contributes only
marginally during the period to ALSTOM's overall operating
income.

ALSTOM confirms its 6% operating margin target for
2001/02.