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home | Feature Articles | ALSTOM financial results boost Excha . . .

ALSTOM financial results boost Exchange

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19 JANUARY 2012

ALSTOM www.alstom.com announced a first nine months order intake 20% increase to €15.1 billion year-on-year due to emerging markets sustained demand, or about 60% of the total orders taken to the end of December 2011 according to the Group's communication. The share value jumped over 7% on the stock exchange www.boursorama.com  Sales totaled €14.3 billion, or 9% decline on the same period but backlog stood at € 48 billion or 30 months of sales.  The Group expects over € 1 billion contracts awards to be booked before the fiscal year end and projects a « strong fourth quarter of orders ». Concerning sales, Alstom also anticipates « the fourth quarter to show a marked progress over the previous ones ».

Over the third quarter 2011/2012, orders registered amounted to €4.9 billion and Thermal Power order books level, at €1.9 billion, was equal to the previous quarter's performance with demand from Iraq and Poland. Transport recorded a high number of small and medium sized contracts, an order level of €1.5 billion and  Grid « achieved its best quarter since its acquisition« , with orders totaling €1.2 billion. Sales are, « as expected, sequentially rebounding in all Sectors« , except for Renewable Power due to the lack of significant revenue milestones on large hydro projects during the third quarter.




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