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