Outstanding results for Alstom in the first half of 2016/17
- Continued strong commercial and operational performance
- Exceptionally high free cash flow
- 2020 objectives confirmed
Between 1 April and 30 September 2016, Alstom booked €6.2 billion of orders leading to a new record-breaking backlog of €33.6 billion. Over the same period, sales were up 8% (7% organically), amounting to €3.6 billion. The adjusted EBIT grew from €167 million to €200 million, representing a 20% increase, with an adjusted EBIT margin of 5.6%. The net income (Group share) reached €128 million. In first half of fiscal year 2016/17, free cash flow was exceptionally high at €333 million.
Key figures
| Actual figures (in € million) | Half-year ended 30 September 2015 | Half-year ended 30 September 2016 | % change reported | % change organic | |
| Orders backlog | 27,719 | 33,570 | 21% | 22% | |
| Orders received | 3,897 | 6,212 | 59% | 66% | |
| Sales | 3,303 | 3,570 | 8% | 7% | |
| Adjusted EBIT | 167 | 200 | 20% | ||
| Adjusted EBIT margin | 5.1% | 5.6% | |||
| Net income - Group share | (57) | 128 | |||
| Free cash flow | (1,336) | 333 | |||
“Alstom started the fiscal year 2016/17 with excellent results. Commercial performance was very dynamic including the booking of two contracts for a new generation of high-speed train in the US and the extension of the Dubai metro system. Operational performance was sustained with organic sales growth of 7% and adjusted EBIT up by 20%. Free cash flow was exceptionally high, with several large down-payments. These results demonstrate the success of Alstom’s strategy and allow us to confirm the 2020 objectives,” said Henri Poupart-Lafarge, Alstom’s Chairman & Chief Executive Officer.
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