Alstom’s Q1 order volume down, sales up
Alstom has ended the first quarter of financial year 2022/2023 with a 13-percent drop in orders received. Sales on the other hand, were up 5 percent over the same period last year.
In its first quarter overview presented earlier this week, Alstom announced orders to the tune of 5,6 billion euros. Sales came out at 4 billion euros. The company now sits on a backlog of 83,4 billion euros.
Highlights of the order intake in past quarter include the contract for the supply of 130 Coradia Stream High Capacity electric double-deck trains to the Landesanstalt Schienenfahrzeuge Baden-Württemberg (SFBW) network in Germany. The contract, which also includes maintenance, carries a value of close to 2,5 billion euros.
At 650 million euros, Alstom’s contract with Sweden’s national rail operator SJ to supply 25 Zefiro Express electric high-speed trains was another meaty one. The framework contract with the Department of Transport of Victoria in Australia for 100 trams also reflected well on Alstom’s books.
The company’s financial outlook, however, is somewhat clouded. “The current economic and political context, becoming more complex, creates uncertainties in business activities”, Alstom writes, adding that inflation will likely affect profitability.