Alstom accumulates orders for 12 billion Euros
French technology company Alstom has received orders for 12.107 billion Euros in 2018/2019 fiscal year. The growth was around 69 per cent compared to the previous accounting period. Half of the amount was secured by the rolling stock bookings.
Alstom reported on its financial results in 2018/2019 fiscal year (between 1 April 2018 and 31 March 2019). The technology group sold products and services for 8.072 billion Euros showing an increase of 10 per cent. The adjusted EBIT was 570 million Euros that is 44 per cent higher than the last year figures. The net income of the Alstom Group was almost doubled by reaching the amount of 681 million Euros. Alstom also secured a new record-breaking backlog of 40.5 billion Euros.
Geographical and product breakdown
In terms of the geographical distribution of Alstom products, Europe is still a key market for the group. The region share is 60 per cent in orders and 51 per cent in sales. In the previous accounting period, these figures were 48 and 51 per cent correspondingly. Other parts of the worlds obtained the following figures: Americas – 18 per cent in both orders and sales, Asia/Pacific – 12 per cent in orders and 11 per cent in sales, Middle East/Africa – 10 per cent in orders and 20 per cent in sales.
The rolling stock continues to remain its key role in Alstom business. This kind of products provided half of the orders and 43 per cent of sales in 2018/2019 fiscal year. The remaining orders were divided by three other products: services – 26 per cent, signalling – 13 per cent and systems – 11 per cent. The sales breakdown looks a little different: 22 per cent – systems, 19 per cent – services and 16 per cent – signalling.
The successful financial results of Alstom is based on its 2020 strategy. It consists of five pillars:
- customer-focused organisation,
- complete range of solutions,
- value creation through innovation,
- operational and environmental excellence,
- diverse and entrepreneurial people.
“Alstom benefited from an exceptional commercial momentum this year with a record level of order intake at 12 billion Euros, including two major contracts with the renewal of the very high-speed train fleet in France and the metro system project for Montreal. The very strong sales growth and the further margin enhancement confirm the success of our 2020 strategy, which is now completed,” said Henri Poupart-Lafarge, CEO of Alstom.