In the first half of 2019, Alstom booked EUR 4.6 billion orders, a 35% decrease y-o-y, with a 8% increase on its backlog at a record-breaking EUR 41.3 billion. Sales registered a 3% increase to EUR 4.1 billion, with adjusted EBIT increase of 5%, to EUR 319 million and an adjusted EBIT margin of 7.7%.
Alstom was awarded projects mainly in Europe for rolling stock and services, including orders for regional trains, CDG Express and additional very high-speed trains in France, maintenance in southern Europe, metro cars for Barcelona in Spain, regional trains in Netherlands, hydrogen trains in Germany with maintenance associated. Alstom has also been awarded the maintenance of the lines 2 and 4 of the metro of Santiago in Chile. In Signalling, commercial successes include the supply of ERTMS to the Paris-Lyon high speed line.
Rolling stock sales reached EUR 1,9 billion a 9% organic increase, with, notably, deliveries of regional trains in Europe and the ramp-up of Amtrak and Prasa projects. Signalling sales increased at EUR 723 million, a 12% organic increase, mainly benefiting from activity in Asia Pacific and Americas.
Services sales reached EUR 718 million with the West coast maintenance contract in the UK. Systems sales decreased at EUR 801 million with an expected ramp-down on Lusail and Riyadh systems projects. Latin America sales lowered also this half year.
On innovation segment, Alstom sustained its level of research and development at EU R192 million, representing 4.6% of sales, in first half of 2019/20.