Monday, August 21, 2017

Alstom posts 22 percent decline in orders during April-Sept. period

Alstom recently released its financial results for the period of April 1 to Sept. 30, posting a 22 percent decrease in the number of orders over the same period of 2012.

The company saw a steady flow of small- to medium-sized orders, while the market for large contract orders remained subdued. Overall, Altsom booked $12.6 billion in orders, and sales increased four percent to reach $13 billion. Income from operations-only billings rose 7.1 percent over the same period of 2012 to reach $1.1 billion.

Alstom's free cash flow has been calculated at $818 million, a decrease over the previous year, which the company--a shareholder in Transmashholding, a manufacturer of locomotive and railroad equipment--attributes to an unfavorable cash profile of contracts.