Alstom continues to record a strong activity growth
January 17, 2008 | by Alstom
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January 17, 2008, During the first nine months of 2007/08 (from 1 April to 31 December 2007), Alstom booked orders amounting to €19.9 billion, up by 38% versus the same period of the previous year. Sales at €12.1 billion were up by 21%. On an organic basis, orders and sales for the first nine months were up by 40% and 22% respectively.
Orders booked during the third quarter of 2007/08 at €7.0 billion (+50% versus the third quarter of 2006/07) confirmed the continuing favourable trend recorded during the first half of the year. Power Systems’ order intake was particularly strong during the quarter, as some very large coal and gas turnkey contracts were booked. Power Service and Transport also registered a robust level of orders.
Sales for the third quarter of 2007/08 amounted to €4.1 billion, +20% compared with the same period of the previous year. The total backlog reached €40.6 billion at 31 December 2007, representing approximately 30 months of sales.
“The favourable trend of the first half continued during the third quarter of 2007/08. Power Systems registered a record level of order intake, while Power Service and Transport continued to show a sustained commercial performance. The execution of our growing backlog allows sales to increase significantly in all Sectors, and the book-to- bill ratio at 1.6 over the first nine months provides further visibility on future turnover. With this positive third quarter, we confirm that sales for the full year 2007/08 should grow by approximately 15%, on an organic basis*, from the level of last year”, said Patrick Kron, Alstom’s Chairman & Chief Executive Officer
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Source: Alstom, Press release