Alstom posts excellent operational results for the fiscal
year 2009/10

Fiscal year 2009/10 was marked by a
major contraction in demand for power generation due to the
strong economic downturn, whilst the transportation market
resisted better, supported by the focus on rail projects in
government budgets. After a low point in orders during the first
half of the year, the second semester saw a modest improvement.
Although tendering remains active, it is still difficult to
assess the timing and the magnitude of the expected recovery. The
backlog continues to be robust despite its slight decline. Driven
by its quality, sales and income from operations have reached
record levels and the operating margin target of 9% has been
exceeded. In response to the economic uncertainty, Alstom intends
to remain focused on strictly controlling costs and maintaining
flexibility and smooth project management. To support its organic
long-term growth strategy, the Group plans on keeping a sound
level of capital expenditures and research and development
expenses, although programmes will continue to be strictly
prioritised. Additionally, the acquisition of Transmission
activities will strengthen Alstoms offering. Over the next
two years, we expect the Groups operating margin to stay
within a 7 to 8% bracket , said Patrick Kron,
Alstoms Chairman and Chief Executive Officer.

For more information, click on downloadable
pdf version of the release on the right column.

• Fiscal year 2009/10 english.pdf