Alstom achieved a sound level of orders and a solid increase in sales
Over the third quarter 2014/15 (from 1 October to 31 December 2014), Alstom booked 1.6 billion of orders, compared to 2.5 billion over the same period last year which included the Riyadh metro (1.2 billion). The Group's sales, at 1.5 billion, were up 10% organically over the third quarter 2013/14.
For the first nine months of 2014/15 (from 1 April to 31 December 2014), Alstom's order intake reached 8.0 billion, a 52% increase compared to the first nine months of 2013/14. The Group's sales amounted to 4.6 billion, up 12% organically compared to the first nine months of 2013/14.
At 27 billion on 31 December 2014, the backlog represented over 4 years of sales.
"The third quarter 2014/15 showed a good level of orders, fuelled by small to mid-sized contracts. Sales grew at a steady pace, up 10% organically. We confirm our full-year guidance of a high single digit organic sales growth and an operating margin (after corporate costs) over 5%. We also confirm our free cash-flow guidance. Our shareholders showed a strong support for the GE transaction at our EGM on 19 December with over 99% of the votes being positive. Filings for competition and regulatory authorisations are ongoing, said Patrick Kron, Alstoms Chairman & Chief Executive Officer.
Full version of the Press release below in pdf.