Alstom’s orders recovered in the third quarter of 2009/10, whilst sales remained sustained
Tuesday, Jan 19, 2010
During the first nine months of 2009/10 (from 1 April to 31 December 2009), the level of orders booked by Alstom reached €11.4 billion. Sales, at €14.4 billion, continued to grow, up by 6% as compared to the same period of last year.
Orders booked during the third quarter of 2009/10 amounted to €4.2 billion. Order intake in both Sectors strongly improved as compared to the previous quarter. Power received orders of €2.7 billion, with commercial successes in coal in Europe. Transport registered contracts amounting to €1.6 billion, benefiting notably from a large order for regional trains in France.
Sales for the third quarter of 2009/10 at €4.7 billion were up by 3% compared with the same period of the previous year.
The total backlog reached €44 billion at 31 December 2009, representing approximately 27 months of sales.
“After a trough in orders during the second quarter of the year, the third quarter saw an improvement, illustrated by a book-to-bill ratio of 0.9 and the large contracts secured by both Sectors. The sales continued to grow on the back of our strong backlog. The current tendering activity is sustained but the timing for future bookings remains uncertain”, said Patrick Kron, Alstom’s Chairman & Chief Executive Officer.
For more information, click on downloadable pdf version of the release on the right column.
Source: Alstom
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