Alstom's Q1 orders boosted by South AfricaStaff writer ▼ | July 24, 2014
This record performance derives essentially from a contract with PRASA in South Africa booked in Transport for around €4 billion, as well as a good flow of orders in Renewable Power and Grid.
Sales were organically down by 1% to €4.3 billion, affected by the lower level of order intake booked in the recent quarters in some businesses. Foreign exchange had a 3% negative impact on sales.
Over the first three months of the fiscal year, orders in Thermal Power, at €1.5 billion, included a sustained flow of service contracts. Both Grid and Renewable Power booked a robust volume of orders at respectively €1.2 billion and €0.7 billion.
At €4.8 billion, Transport order intake reached a record level thanks to the booking of a jumbo rail contract for suburban trains in South Africa as well as numerous small to medium-sized contracts.
Sales decreased in the first quarter 2014/15 in Thermal Power and in Renewable Power (both -10% on a like-for-like basis) and in Grid (-5% on a like-for-like basis). Transport sales increased by a strong 17% organically, reflecting the progressive execution of the backlog and a low basis of comparison in the first quarter 2013/14. ■