Speed-train maker Alstom SA (ALS.L,AOMFF.PK) said it has booked 6.03 billion euros orders for the first quarter of 2012, versus 5.01 billion euros a year ago. First-quarter sales of 4.78 billion euros improved 6%, compared with 4.53 billion euros in the prior-year period.
Additionally, the Group renewed its sales growth guidance of over 5% per year for this fiscal year and the two following ones and a gradual improvement of the operating margin which should be at around 8% in March 2015. Alstom also confirmed that the free cash flow should be positive in each of the three fiscal years.
In the first quarter 2012/13, sales growth versus last year was supported by Thermal Power and Transport, while Grid's turnover was flat and Renewable Power's temporarily down, the company added.
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by RTT Staff Writer
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