ALSTOMs first quarter 2006/07 orders and sales
Strong commercial performance with orders of €4.7Bn, up 32%
Levallois-Perret, France – Between 1 April and 30 June 2006, ALSTOM booked orders of €4.7bn, an increase of 32% versus the first quarter of fiscal year 2005/06 on a comparable basis. For the same period, sales at €3.2bn were up 3% on a comparable basis.
Orders received for the first quarter of fiscal year 2006/07 were at a very high level, with a strong growth in Power Turbo-Systems / Power Environment (+64% versus the same period last year), as a result of the booking of several turnkey gas power plant projects, and in Power Service (+30%). Transport’s orders remained strong, 3% above the level of the first quarter of 2005.
The total backlog, up to €28 billion, represents around 2 years of sales.
Sales for the first quarter of fiscal year 2006/07 were up 3% compared with the same period of the previous year. Sales in the Power Sectors were up 7% versus first quarter of fiscal year 2005/06, while sales in Transport were slightly down (-3%).
”The level of orders booked during the first quarter 2006/07 is the highest registered over the recent years. This very strong quarter was due to the booking of a large number of turnkey projects ; it also reflects the good positioning of ALSTOM on sound markets. Sales should progressively ramp-up during the fiscal year from an increase of 3% in the first quarter to 8% for the full year, on a comparable basis. This growth will notably be driven by the progression of sales in Transport expected in the second half”, said Patrick Kron, Chairman & Chief Executive Officer of ALSTOM.