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Alstom recorded a sound commercial performance
17 July 2009
During the first quarter of 2009/10 (from 1 April to 30 June 2009), the level of orders booked by Alstom, at €4.8 billion, remained robust. Sales, at €4.8 billion, continued to grow, up by 7%.
Order intake in both Power and Transport Sectors were in line with the levels recorded in the second part of the previous year, whilst below the level of the first quarter 2008/09 which included the booking of a higher number of large contracts. Power received orders of €3 billion, with commercial successes in gas, steam and hydro. Having registered €1.8 billion of new orders, Transport confirmed the resilience of its commercial activity across the board.
During the first quarter 2009/10, sales increased by 9% in Power and by 3% in Transport versus the first quarter of the fiscal year 2008/09, reflecting the progressive trading of orders booked during the past periods.
The total backlog, at €46.6 billion, represents around 29 months of sales on 30 June 2009.
”Despite the very challenging environment, Alstom managed to record a satisfactory level of orders with a book-to-bill ratio at 1. As previously announced, in the short term, demand for rail transportation should remain sound, driven by large projects, some of which come from stimulus packages. In power generation, the new equipment market should continue to be impacted by delays in the decision making of customers on future power plants. The progressive delivery of orders in hand translated into higher sales, up by 7%”, said Patrick Kron, Chairman & Chief Executive Officer of Alstom.
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