Alstom Reports Sound Commercial Performance
Order intake in both Power and Transport Sectors was in line with the levels recorded in the second part of the previous year however, levels were below the first quarter 2008/09 when there were a higher number of large contracts booked. Power received orders of US$4.3 billion, with commercial successes in gas, steam and hydro. And having registered US$2.6 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 US$66.4 billion, represents around 29 months of sales as of June 30, 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.
For more information: www.alstom.com