Alstom sales reached €8.2 billionChristian Fernsby ▼ | May 12, 2020
Between 1 April 2019 and 31 March 2020, Alstom booked €9.9 billion of orders, consolidating an industry-leading backlog of €40.9 billion.
Alstom The book-to-bill ratio was strong at 1.2
Net income (from continued operations, group share) amounted to €446 million.
2019/20 fiscal year results are in line with the perspectives for the year set during Alstom’s Capital Markets Day last June, although impacted by the Covid-19 pandemic at year end.
Alstom benefits from a very strong balance sheet. During fiscal year 2019/20, free cash flow amounted to €206 million. Net cash amounted to €1,178 million on 31 March 2020. Equity amounted to €3,328 million at 31 March 2020.
In the context of the current crisis, and in a spirit of responsibility towards all its stakeholders, the Board of Directors, in its meeting of May 11, 2020, decided as an exceptional measure not to propose a dividend distribution at the next Shareholders’ meeting on July 8. ■