Alstom financial results reveal record high orders for 2014/15
The Group benefited from a number of large orders, in particular a jumbo rail contract in South Africa, turnkey tramway systems in Qatar and Australia, trains for Paris metro in France and a full metro system in Mexico. Orders were also strong in Services and Signalling.
Sales for Alstom increased by 7 per cent organically to â‚¬6.2 billion, thanks to deliveries of suburban, intercity and very high speed trains in France, Italy and Germany as well as very high speed trains in Morocco and tramways in Dubai. Emerging countries represented 30% of sales.
Patrick Kron, Alstomâ€™s Chairman and Chief Executive Officer, commented on the year end results: â€œAlstom delivered a very strong commercial performance in its Transport activity during the fiscal year, booking a record level of orders. We achieved our 2014/15 targets with sales up 7 percent organically and the operating margin improving by 50 bps, benefiting from good execution and the strict implementation of our cost savings plan. As expected, Group free cash flow was substantially positive in the second half and free cash flow from continued operations, before tax and financial cash-out, was positive over the full year.â€
Alstom expect sales to grow at over 5 percent per year organically and the operating margin improving within the 5-7 percent range.