Alstom 1Q Sales, Orders Rise on Major Contracts
19 Luglio 2018 - 8:07AM
Dow Jones News
By Nathan Allen
Alstom SA (ALO.FR) said Thursday that its first-quarter sales
and orders rose, due in part to several big contracts in the Middle
East and South Africa, as well as regional train deliveries in
Italy
Net sales for the quarter were 2.02 billion euros ($2.35
billion) compared with a restated figure of EUR1.77 billion a year
earlier, the French train maker said.
"The sales growth was mainly driven by remarkable progress made
within Middle East system projects," said Alstom Chief Executive
Henri Poupart-Lafarge.
Orders rose 38% to EUR2.64 billion from EUR1.91 billion in the
year-earlier period, Alstom said. On June 30, Alstom's order
backlog stood at EUR35.5 billion, of which around 30% is derived
from service contracts, the company said.
Alstom confirmed its target of reaching around EUR8 billion in
sales and a margin on adjusted earnings before interest and taxes
of 7% during fiscal 2019.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 19, 2018 01:52 ET (05:52 GMT)
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