Alstom records increase in order intake and sales

Coradia Polyvalent Léman Express train

Between 1 April 2018 and 31 March 2019, Alstom booked EUR 12.1 billion of orders, representing a 69% increase compared to FY 2017/18, when the total amount of the received orders was EUR 7.18 billion. Alstom registered a new record-breaking backlog of EUR 40.5 billion, representing a 15% increase compared to FY 2017/18 when the orders backlog reached EUR 35.2 billion. The current backlog provides strong visibility on future sales, the company says.
On geographic breakdown, Europe had the largest contribution in orders intake, of 60%, with orders of EUR 7.33 billion, followed by Americas, with a 18% contribution representing orders of EUR 2.15 billion. Asia / Pacific had a contribution of 12% with EUR 1.4 billion orders, while Middle East / Africa region had a contribution of 10% (EUR 1.18 billion).
On product breakdown, the rolling stock had the largest contribution in Alstom’s orders, of 50%, representing EUR 6 billion. Services are ranked the second, with a contribution of 26% (EUR 3.14 billion), followed by signalling segment, with 13% (EUR 1.52 billion) and systems, with 11% (EUR 1.36 billion).
Alstom’s sales reached EUR 8.1 billion, corresponding to growth of 10%. The adjusted EBIT increased to EUR 570 million, 44% above last year, leading to an adjusted EBIT margin of 7.1%. Net income (Group share) amounted to EUR 681 million, compared to EUR 365 million the previous year, including exceptional net income from discontinued operations of EUR 248 million.
The rolling stock segment had the largest contribution in Alstom’s sales, of 43%, representing EUR 3.44 billion, followed by systems segment, with 22% (EUR 1.76 billion), services, with 19% (EUR 1.55 billion) and signalling, with 16% (EUR 1.3 billion). Signalling, systems and services represented 57% of sales in 2018/19. Systems sales increased by around 16% with the progress of urban systems projects in the Middle East and Panama metro in Latin America. Services sales reached EUR 1.6 billion, with notably the contribution of long-term contracts in the United Kingdom and Italy. Signalling sales amounted to EUR 1.3 billion, with lower activity in the United Kingdom and Brazil. Rolling stock sales reached EUR 3.4 billion with deliveries of regional and high-speed trains in Europe and the ramp-up of the Amtrak project in the USA.
By destination, in Alstom’s sales, Europe is ranked first, with 51% (EUR 4 billion), followed by Middle East / Africa with 20% (EUR 1.62 billion), Americas, with 18% (EUR 1.47 billion) and Asia / Pacific with 11% (EUR 921 million).

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