20.07.2010 Press-center of Alstom
During the first quarter of 2010/11 (from 1 April to 30 June 2010), orders booked by Alstom amounted to €3.1 billion. Sales, at €4.7 billion, were slightly down as compared to the same period of last year.
Power received orders of €2.0 billion during the first quarter. The lack of large projects was partly offset by the resilience of small and medium-sized contracts, particularly in service and retrofit. Transport registered €1.1 billion of new orders, including a major commercial success in Russia.
During the first quarter 2010/11, sales grew by 9% in Transport, whilst they started to decline in Power, down 6% versus the first quarter 2009/10, as a consequence of the order evolution over the last fiscal year in this Sector.
The total backlog remained stable at €42 billion on 30 June 2010, benefiting from a €1.3 billion currency effect. It represented 27 months of sales.
”This first quarter confirms the resilience of small and medium-sized contracts in Power but, despite the busy tendering activity, the Group still faces challenges to register large orders as customers continue to delay their investments in new power plants. In Transport, the market remains sound, offering a number of opportunities. Sales have grown in Transport, whilst, as expected, they have started declining in Power, after the strong decrease in the order intake of the last fiscal year ”, said Patrick Kron, Chairman & Chief Executive Officer of Alstom.