Alstom SA: Alstom statement - Ukraine
09 Marzo 2022 - 8:41AM
Alstom SA: Alstom statement - Ukraine
Alstom statement –
Ukraine
9 March
2022 – Alstom is closely monitoring the dramatic
situation currently happening in Ukraine. The safety of our
employees and their families is, as always, our first
priority. A dedicated team has been set up to manage the
situation since the beginning of the conflict, taking actions to
best support them. Our thoughts are also with all
the victims of this conflict. In addition to local initiatives
from our teams around the globe, our solidarity towards the
affected population will be primarily channelled through the Alstom
Foundation.
The Group will obviously comply with all
applicable sanctions and laws and has decided to suspend all
deliveries towards Russia.
Alstom is owning as a capital investment a 20%
stake in Transmashholding (TMH), the Russian locomotives and rail
equipment provider primarily serving the local market. There was no
material business nor operational link between Alstom and TMH. The
book value1 will be re-assessed as part of the fiscal year 2021/22
closing accounts.
Alstom also confirms suspending all future
business investments in Russia.
Alstom was developing a partnership project with
UZ, Ukraine rail operator including locomotive supplies and
associated services. Current discussions on this project2 have been
suspended due to the context. Alstom has expressed its deep
solidarity with UZ during this dramatic time.
(1) TMH is consolidated through equity method.
In Alstom H1 2021/22 financial report, carrying value of Alstom’s
interest in TMH amounted to €482 million, with a currency
translation adjustment at €(169) million, and TMH’s contribution to
Alstom’s net income was slightly negative at €(2) million. (2) This
contract was neither in the order book nor included in 2021/22
Alstom outlook.
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About Alstom |
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Leading the way in the energy transition, Alstom develops and
markets mobility solutions that constitute sustainable foundations
for the future of transportation. Alstom’s product portfolio ranges
from high-speed trains, metros, monorails and trams, to integrated
systems, customised services, infrastructure, signalling, and
digital mobility solutions. Alstom has 150,000 vehicles in
commercial service worldwide. With Bombardier Transportation
joining Alstom on January 29, 2021, the enlarged Group’s combined
proforma revenue amounts to €14 billion for the 12-month period
ended March 31, 2021. Based in France, Alstom is now present in 70
countries and employs more than 70,000 people worldwide.
www.alstom.com |
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Contacts |
Press:Eric PRUD’HOMME - Tel.: +49 152 545
39436eric.prud-homme@alstomgroup.comInvestor Relations:Martin
VAUJOUR – Tel.: +33 (0)6 88 40 17 57 martin.vaujour@alstomgroup.com
Claire LEPELLETIER – Tel.: +33 (0)6 76 64 33
06claire.lepelletier@alstomgroup.com |
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