Record commercial activity, strong improvement in
results

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On the back of this strong commercial activity, sales grew
by 19% over the previous year. During the same period, a new
improvement in performance led to an increase in income from
operations by 35%, with an operating margin rising from 6.7% in
2006/07 to 7.7% in 2007/08.

Alstom recorded a net result of 852 million and an
all-time high generation of free cash flow, making the company
strongly cash positive in March 2008. Alstom will propose in
its next Annual General Meeting to double the dividend to be
paid to 1.6 per share.