Sound results for Alstom in 2015/16

  • Record commercial year
  • Very strong operational performance
  • Strengthened balance sheet
  • 2020 objectives confirmed

Between 1 April 2015 and 31 March 2016, Alstom achieved a record commercial performance with orders received and backlog at respectively €10.6 billion and €30.4 billion. Over the same period, sales were up 12% (7% organically), amounting to €6.9 billion. The adjusted EBIT increased to €366 million, 23% above last year, leading to an adjusted EBIT margin of 5.3%.

Net income (Group share) reached €3.0 billion, benefitting from the sales of Energy activities to General Electric and after impact of exceptional impairments mainly in France.

Alstom benefits today from a very strong balance sheet. The net debt significantly decreased to €0.2 billion on 31 March 2016 compared to €3.1 billion on 31 March 2015. Equity amounted to €3.3 billion at 31 March 2016.

Following the cash return to shareholders of €3.2 billion through the public share buy-back offer, the Board of Directors will propose no dividend distribution at the next Annual General Meeting.

Key figures

(in € million) 2014/15 2015/16 %   changereported %   changeorganic
Actual figures
Orders backlog 28,394 30,363 7% 14%
Orders received 10,046 10,636 6% 7%
Sales 6,163 6,881 12% 7%
Adjusted EBIT 298 366 23%
Adjusted EBIT margin 4.8% 5.3%
Net income - Group share (719) 3,001
Free cash flow (429) (2,614)
Net cash / (debt) (3,143) (203)

“2015/16 is the second record commercial year in a row for Alstom, including a major e-Locos project in India and successes across all regions and product lines. Sales growth exceeded expectations with above 5 % average organic growth over the past four years. The adjusted EBIT was up by over 20%. Balance sheet is strengthened by the transaction with General Electric. The implementation of our strategy is on track allowing us to confirm our 2020 objectives.”, said Henri Poupart-Lafarge, Alstom’s Chairman & Chief Executive Officer.

*

The management report and the consolidated financial statements, as approved by the Board of Directors, in its meeting held on 10 May 2016, are available on Alstom’s website at www.alstom.com. The accounts have been audited and certified.

In accordance with AFEP-MEDEF recommendations, information related to the remuneration of Alstom‘s Executive Officer is available on Alstom’s website: www.alstom.com, under About us/Corporate Governance/Compensation of Executive Officers.

For more information, please contact Maria Parent, Communications Manager, Alstom Nordics, phone: +46 76 807 65 50
maria.parent@alstom.com

About Alstom
As a promoter of sustainable mobility, Alstom develops and markets systems, equipment and services for the railway sector. Alstom manages the widest range of solutions in the market – from high-speed trains to metros and tramways – customised services (maintenance, modernisation) and infrastructure and signalling solutions. Alstom is a world leader in integrated railway systems. It recorded sales of €6.9 billion and booked €10.6 billion of orders in the 2015/16 fiscal year. Headquartered in France, Alstom is present in over 60 countries and employs 31,000 people today.
www.alstom.com www.alstom.com/nordics