Over the third quarter 2011/12 (from 1 October to 31 December 2011), Alstom registered orders of €4.9 billion, ‘confirming the sustained commercial activity of the past four quarters’.
Thermal Power booked the same level of orders as in the previous quarter (€1.9 billion), benefiting from successes in Iraq and Poland.
Renewable Power booked €0.3 billion of orders, in the absence of large projects.
Transport recorded a high number of small and medium sized contracts, reaching an order level of €1.5 billion.
Lastly, Grid achieved its best quarter since its acquisition, with orders totaling €1.2 billion.
Sales are ‘sequentially rebounding in all Sectors’, with the exception of Renewable Power which recorded no significant revenue milestones on large hydro projects during the third quarter.
For the first nine months of 2011/12 (from 1 April to 31 December 2011), Alstom’s order intake came up to €15.1 billion, a 20% increase compared to the first nine months of 2010/11.
Orders growth continued to be supported by emerging markets, representing around 60% of the total orders at the end of December 2011.
The Group’s sales reached €14.3 billion, down 9% compared to the first nine months of 2010/11.
At €48 billion on 31 December 2011, the backlog represented 30 months of sales.
Patrick Kron, Alstom’s Chairman & Chief Executive Officer, said:
“With orders close to €5 billion, the third quarter 2011/12 extended the positive trend observed since the middle of last fiscal year. The book-to-bill ratio is above 1 for the fifth quarter in a row.
“Demand continues to be active in emerging markets for all Sectors, whilst Transport booked a large number of contracts in Europe during the period.
“With over €1 billion of announced awards to be booked before fiscal year end as well as the prospects on which we are working, we expect a strong fourth quarter of orders.
“Concerning sales, we anticipate the fourth quarter to show a marked progress over the previous ones.”