Over the third quarter 2010/11 (from 1 October 2010 to 31 December 2010), Alstom registered its best level of order intake since the first quarter of 2009/10 on a comparable perimeter. With €5.5 billion, the orders booked during the period were supported by the strong demand in emerging markets which represented 60% of the total contracts registered. With orders above €2.8 billion and €1.6 billion respectively, Power and Transport Sectors recorded marked increases over the recent quarters, while Grid booked again a solid €1 billion of orders. With sales at €5.2 billion for the third quarter 2010/11, the Group achieved a book-to-bill ratio exceeding 1 for the first time over the last two years.
During the first nine months of 2010/11 (from 1 April 2010 to 31 December 2010), including €2.4 billion in Grid (consolidated from 1 June 2010), Alstom recorded order intake of €12.5 billion, a 10% increase compared to the same period of last year. The Group’s sales reached €15.7 billion, with €2.7 billion from Grid, up by 9% compared to the first nine months of 2009/10. Excluding Grid, the Group’s order intake and sales amounted to €10.1 billion and €13 billion respectively, a decrease of around 10% compared to the first nine months of 2009/10.
At €46.2 billion on 31 December 2010, the backlog represented 2 years of sales.
“During the third quarter of 2010/11, on the back of solid demand in the emerging countries, Alstom achieved the best quarterly level of order intake since July 2009, delivering a book-to-bill ratio above 1 for the first time over the last two years. This commercial improvement should gain momentum in the fourth quarter, with order intake expected to show a new increase. Our strengthened presence in the fast growing markets, our leading technologies and our recognised service capabilities are strong assets for the Group in its current competitive environment”, said Patrick Kron, Alstom’s Chairman & Chief Executive Officer.