Metro in Cluj-Napoca (Romania) , a project in the Philippines and a contract to deliver trams in Philadelphia boosted Alstom’s results in Q1 FY2023/2024 (1 April to 30 June 2023). The French group’s orders during the period totalled EUR 3.9 billion and turnover reached EUR 4.2 billion, up 4.3% on the same period last year.
“During the first quarter, Astom won important contracts in the Systems business in the Philippines and Romania, as well as a major tram project in Philadelphia, USA. The market environment remains positive, with a large pipeline of opportunities for the next three years. Our focus on execution has allowed our organic turnover to increase in line with our announced trajectory. Confident in the resilience of our business model, we confirm our short and medium-term objectives,” said Henri Poupart-Lafarge, Chairman of the Board and CEO of Alstom.
Alstom’s Q1 global results: orders of EUR 3.9 billion
In the first quarter of fiscal year 2023/2024, Alstom received orders worth EUR3,875 million, compared with EUR5,601 million in the same period last year.
The performance since then has been boosted in particular by a contract awarded by the operator Landesanstalt Schienenfahrzeuge Baden-Württemberg in Germany, worth almost EUR2.5 billion.
Cluj-Napoca metro, global growth engine for Alstom
Regionally, Europe accounted for 48% of total orders. Alstom won a contract for the construction of metro line 1 in Cluj-Napoca (north-west Romania), in a consortium with public works companies Gulermak (Turkey) and Arcada (Romania). The total value of the turnkey project is around EUR1.8 billion, of which Alstom’s share amounts to around EUR400 million, the press release said.
The Cluj metro project includes 21 stations, costs 9 billion lei, of which 1.5 billion lei is PNRR funds, and has a completion time of eight years, with 12 months for the design phase and seven years for execution. The works will be carried out by the joint venture composed of Gulermak Agir Sanayi Insaat Ve Taahhut A.S. – Gülermak Spólka Z Ograniczona Odpowiedzialnoscia – Alstom Transport S.A. – Arcada Company S.A. In the first stage, for which the contract was signed at the end of May, the works will be completed on 9.16 km, which includes the section Saint Mary – United Europe (9 stations) and the depot. Work on this phase, funded by the NRRP, is due to be completed by the end of August 2026.
In the second phase, funding will ensure the construction of the Țara Moților – Sfânta Maria (7 stations) and Piața Mărăști – Muncii (3 stations) sections totalling 11.87 km.
130 trams to be delivered to Philadelphia
In America, the Alstom Group has signed a contract with the Southeastern Pennsylvania Transportation Authority (SEPTA) to deliver 130 low-floor electric trams in Philadelphia, worth more than EUR667 million, with an option to build a further 30 streetcars.
In the Asia-Pacific region, Alstom has won, in a consortium with Colas rail, a contract with Mitsubishi Corporation to supply an integrated rail system for the North-South Commuter Railway (NSCR) project in the Philippines. Alstom’s share of this contract amounts to approximately EUR1 billion.
Alstom’s Q1 global results: turnover up 4.3%
Alstom Group’s turnover in the first quarter was EUR 4,175 million, compared to EUR4,002 million in the same period last year, an increase of 4.3%.
Rolling Stock turnover for the quarter amounted to EUR 2 294 million, up 5.5%, reflecting a good level of execution mainly in Europe, Brazil and Kazakhstan. Sales in the Signalling business amounted to EUR599 million, up 13% year-on-year. The Systems business achieved sales of EUR326 million, down 16% compared to the same period in 2022, affected by the completion of ongoing projects during the quarter.
The Services business performed strongly in the period under review, with a turnover of EUR 956 million, up 5.1%, thanks to asset management activity, mainly in Italy and North America.
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