(Image Credit: Alstom)
Saint-Ouen, France (Urban Transport News): French mobility leader Alstom has recently published its third quarter results. According to this, Alstom has recorded contract orders worth €5,152 million during the third quarter of FY2022-23 (from 1 October to 31 December 2022). Over three months, orders for Services, Signalling and Systems reached 58% of the total order intake.
On a regional level, Europe accounted for the majority of the orders, i.e. 55% of the Group total. Alstom was awarded a contract worth nearly €370 million to supply 49 additional Coradia Stream high-capacity trains to Renfe in Spain. These trains supplement the 152 trains already ordered in March 2021. The two orders are totalling a value of €1.8 billion for 201 trains.
Alstom also signed a further order with Irish Rail (IE) for 18 more five-car X’trapolis trains and an extension to the 15-year Technical Support and Spares Supply agreement under the ten-year framework agreement announced in December 2021. This further order, valued at around €160 million, will see 18 battery-electric multiple units (BEMUs) added to the initial firm order of 19 five-car X’trapolis trains signed in 2021.
In the UK, following the successful full completion of the Elizabeth line in London during Q3 and the final acceptance of the last trains, Alstom have re-aligned the order intake in line with the long-term partnership and contract signed in 2014 with Transport for London for a 32-year contractual concession period up to 2046. The value of the Services order recognized in this quarter was €1.1bn.
In Africa/Middle East/Central Asia, the Group received an additional order from Kazakhstan Railways (KTZ) for the supply of next generation locomotives and related maintenance support. This is the 6th batch of options realised from the initial contract signed in 2010.
In the Asia/Pacific region, Alstom has been awarded a contract worth €312 million to design, manufacture, supply, test, commission 312 standard gauge metro cars for Delhi Metro Phase IV expansion, by the Delhi Metro Rail Corporation (DMRC).
Sales were €4,223 million in Q3 2022-23 versus €3,916 million in Q3 2021-22 (+8%). Over 9 months, sales stand at €12,271, up 8% from last year.
Sales in Rolling Stock in the quarter stood at €2,307 million, up 6% versus Q2 2022-23, reflecting projects ramping-up following stabilization efforts. After 9 months, Rolling Stock sales reach €6,667 million, up 3% versus last year.
Signalling sales stood at €1,767 million for the 9 months, up 8% versus last year, in line with announced trajectory.
In Systems, Alstom reported €1,062 million sales for the 9 months, up 29% vs. last year, on the back of the ramp-up in Egypt and Canada notably, and despite the end of some projects during this quarter notably in Saudi Arabia.
Services delivered a sustained performance in Q3 2022-23 and reported €2,775 million of sales over 9 months, up 15% versus last year.
“Alstom’s third quarter was positive. We saw continued commercial momentum, marked by the exercise of new options on several frame agreements, notably in Spain, Ireland and in Kazakhstan. This was coupled by a strong performance in Services, most notably in the UK. The market environment remains positive with customers confirming their investment plans in all regions. Our focus on execution is paying off with sales increasing, in line with our announced trajectory. Confident in the resilience of our business model, we confirm our short and mid-term targets,” commented Henri Poupart-Lafarge, Alstom Chairman and Chief Executive Officer.