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11/05/2016: Full year results 2015/16

[la forge] 11/5/2016 09:31

Alstom Swings to Profit Buoyed by Capital Gains
11/05/2016 5:53am
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Alstom (EU:ALO)
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Today : Wednesday 11 May 2016
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By Inti Landauro



PARIS--French train and rolling stock maker Alstom SA (ALO.FR) on Wednesday reported a large net profit for its fiscal year 2016 after booking capital gains on assets it sold to General Electric Co. (GE), lifting it from a year-earlier loss.

Alstom said it made a net profit for the fiscal year ending March 31 of 3 billion euros ($3.41 billion), compared with a EUR719 million net loss in the same period a year earlier.

Most of the profit came from the capital gains Alstom made on the sale of a series of assets to GE, the company's Chief Executive Henri Poupard-Lafarge told reporters.

The company had attributed the year-earlier loss to a $772 million settlement with the Department of Justice to resolve corruption cases and the write-down of assets in Russia.

Excluding one-time charges and capital gains, Alstom's operating profit during the fiscal year ending in March rose 23% to EUR366 million, up from EUR298 million last year.

The maker of TGV bullet trains said it booked a record EUR10.64 billion of orders, up over 6% compared with the previous year. Its backlog rose to EUR30.36 billion at the end of March.

Alstom has focused last year in the train business after selling its power equipment division, which represented a little more than 50% of its sales, to its U.S. rival GE.

Alstom sold its power equipment making unit to GE for a nominal price of EUR12.4 billion, but will retain minority stakes in part of the business worth EUR2.4 billion. Alstom will then pay GE EUR700 million for its train-signalling business.

Alstom transferred EUR3.2 billion of the sale proceeds to its shareholders late last year.



-Write to Inti Landauro at [e-mail]



(END) Dow Jones Newswires

May 11, 2016 01:38 ET (05:38 GMT)

[waldron] 13/11/2014 08:17

By Inti Landauro
PARIS-- The board of French engineering firm Alstom SA (ALO.FR) late Wednesday recommended distributing to shareholders between 3.5 billion and 4 billion euros ($4.36 billion and $4.98 billion) from the proceeds of the sale of most of its power equipment business to larger rival General Electric (GE).
According to an agreement signed between both companies earlier his year, General Electric offered to pay EUR12.35 billion for most of Alstom's division that manufactures heavy equipment for power plants.
In a statement released Wednesday evening, Alstom's board recommended that the company use two thirds of the proceeds from the sale to clear its balance sheet.
The maker of French signature bullet train plans to concentrate on its rolling stock manufacturing business as its power division has suffered over the past few years as a result of stagnant demand from electricity utilities.
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[waldron] 31/1/2014 18:44

By Inti Landauro

PARIS--Alstom SA (ALO.FR) Friday said it signed contracts to supply machinery worth 1.25 billion euros ($1.7 billion) in Poland that will give a boost to its ailing power turbine business.

The French engineering company, better known for its TGV bullet trains, will equip two units with a capacity of 900 megawatts each to a consortium which is expanding what will become Poland's largest coal-fired power plant.

The contract comes two weeks after the Alstom cut its profit targets for the year, citing a slump in sales and new orders at its power turbine business.

On Jan. 21, the company cut its operating margin forecast for the fiscal year ending March 31 to "around 7%" and expects it to fall further in the next year. Alstom also said it expects a negative cashflow in the second half of the fiscal year.

Orders for thermal power turbines fell 4% to EUR1.56 billion in the three-month period through December. The company said it received many orders to service existing power plants and turbines, but few to equip new plants.

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[waldron] 20/12/2013 16:30

PARIS--French power equipment and train maker Alstom (ALO.FR) Friday said it signed two contracts to supply wind turbines worth a total of 400 million euros ($544 million) to Brazilian firm Queiroz Galvao.
The company will install two wind farms in Piaui State, in the Northeast of Brazil, Alstom said. The turbines will be delivered between 2015 and 2017.
Write to Inti Landauro at [e-mail]
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[waldron] 28/11/2013 10:17

Berenberg a réduit de 36,90 à 32 euros son objectif de cours sur Alstom

[waldron] 24/7/2013 09:05

•02/07/2013: Annual General Meeting (Palais des Congrès, Paris)
•24/07/2013: First Quarter Orders and Sales for FY2013/14
•06/11/2013: Half-year Results for FY2013/14

[waldron] 24/7/2013 09:02

Alstom First-Quarter Orders Fall 32%
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Alstom (EU:ALO)
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Today : Wednesday 24 July 2013
French power engineering company Alstom SA (ALO.FR) Wednesday said it booked orders worth less than its sales during the first quarter of its fiscal year due to a lack of large contracts on the market amid the difficult economic environment.
MAIN FACTS:
- The French maker of trains and power equipment booked orders worth 4.1 billion in the first quarter ended June 30, down 32% from a year earlier and below the reported sales in the same period.
- Sales in the quarter fell 2% organically to EUR4.6 billion.
- Analysts expected sales of EUR4.76 billion and orders of EUR3.83 billion.
- The company's backlog stood at EUR51 billion on June 30. The speed at which the company fills its order book is considered by analysts a good guidance for future revenues.
- Despite the slow start to the group's fiscal year, Alstom expects sales to increase throughout the year. "We confirm our objective of a low single-digit organic sales growth for 2013/14", Chief Executive Patrick Kron said in a statement.
- Alstom also confirmed its guidance for a stable operating margin in 2013/14, which should then gradually increase to around 8% over the next two to three years. Free cash flow should be positive year after year over this period.
-Write to Ruth Bender at [e-mail]
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[waldron] 18/7/2013 14:55

GDF Suez Grants $480 Million Contract To Alstom In U.S
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Gdf Suez (EU:GSZ)
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Today : Thursday 18 July 2013
GDF Suez Energy North America, a unit of GDF Suez SA (GSZ.FR), has awarded Alstom SA (ALO.FR) a long-term service contract to give its power plant fleet new flexibility, for EUR360 million or $480 million.
MAIN FACTS:
- Alstom will provide comprehensive maintenance services and gas turbine upgrade packages for four GDF Suez natural gas-fired power stations.
- The plants together use fourteen Alstom GT24 gas turbines and generate enough electricity to power more than three million homes in Texas and Massachusetts.
- Alstom's responsibilities for the Midlothian and Hays plants in Texas, and Bellingham and Blackstone power plants in Massachusetts include management and provision of replacement parts, technical field advisors and gas turbine services for their fourteen power generating units over the life of the contract.
- The first upgrade installation is scheduled for the fall of 2014.
- Alstom will upgrade the turbines with features enabling plant operators to switch between operating modes based on electricity market demand without taking the plant offline.
-Write to Geraldine Amiel at [e-mail]; Follow on Twitter @GeraldineAmiel;
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[waldron] 04/4/2013 18:52

Alstom Gets Contract in Saudia Arabia Worth EUR750 Million
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Alstom (EU:ALO)
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Today : Thursday 4 April 2013
French power engineering group Alstom SA (ALO.FR) Thursday said it was been awarded a contract to supply equipment for a heavy fuel oil fired steam power plant in Saudia Arabia worth around 750 million euros.
MAIN FACTS:
- Alstom has been awarded a contract to supply equipment for the Yanbu 3 power and desalination plant located on the red Sea coast in the western part of Saudi Arabia.
- The plant is due to enter commercial operation in 2016.
-Write to Ruth Bender at [e-mail]
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[waldron] 07/3/2013 14:18

Alstom Enters Canadian Wind Market with EUR420 Million Project
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Alstom (EU:ALO)
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Today : Thursday 7 March 2013
French power and transport engineering group Alstom SA (ALO.FR) Thursday said it has reached an agreement with NaturEner Energy Canada Inc. to supply up to 414 megawatt of wind turbines in Canada, a project worth around EUR420 million.
MAIN FACTS:
- This agreement marks Alstom's entry into the Canadian wind market.
-This project, amounting to around EUR420 million, should be booked by Alstom in the fiscal year 2013/14 as soon as Alstom receives the notice to proceed, which is primarily subject to the financial close of the project and its successful permitting.
- The agreement includes 138 ECO 110 3.0 MW wind turbines, and 10 years of maintenance services.
-Write to Ruth Bender at [e-mail]
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[waldron] 14/2/2013 17:36

Alstom To Supply EUR400 Million Worth of Trains In Canada
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Alstom (EU:ALO)
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Today : Thursday 14 February 2013
French power equipment and train manufacturer Alstom SA (ALO.FR) Thursday said it finalized a EUR400 million contract to provide 34 light trains and 30-year maintenance for the first line of the Ottawa urban railroad in Canada.
MAIN FACTS:
- Alstom will provide the trains to the Rideau Transit Group consortium, which comprises ACS Infrastructure Canada Inc., SNC-Lavalin (SNC.T) and Ellisdon and other companies. The whole project is worth more than EUR1.5 billion.
- The new Citadis Spirit train that Alstom is launching in the North American market will have many features that accommodate Ottawa's particular needs. Designed in a high capacity version, it will be able to operate in extreme winter conditions. It will also benefit from a top speed of 65 mph, reducing travel time between suburban areas and the City Center.
- Alstom will build the vehicles in America and assemble them in Ottawa.
-Write to Inti Landauro at [e-mail]

[waldron] 06/2/2013 17:06

Alstom Gets Wind Turbine Deal In Brazil worth Over EUR1 Billion
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Alstom (EU:ALO)
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Today : Wednesday 6 February 2013
French power engineering group Alstom SA (ALO.FR) Wednesday said it has signed a memorandum of understanding with Renova Energia SA (RNEW11.BR ) to supply, operate and maintain around 440 onshore wind turbines in Brazil for a total amount exceeding 1 billion euros.
MAIN FACTS:
- From 2.7 MW to 3 MW each, these turbines will represent a minimum of 1,200 MW new wind power generation capacity.
- They will equip Renova's wind farms in the state of Bahia and will be delivered from 2015 onwards, over an estimated period of three to four years.
-Write to Ruth Bender at [e-mail]
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[waldron] 14/1/2013 11:51

•22/01/2013: First nine months of FY2012/13 Orders & Sales
•27 & 28/02/2013: Analyst Days
•07/05/2013: Full year Results of FY2012/13

[waldron] 14/1/2013 11:47

Alstom to Supply EUR250 Million Gas Turbines Equipment in Libya
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Alstom (EU:ALO)
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Today : Monday 14 January 2013
French power equipment and train manufacturer Alstom SA (ALO.FR) Monday said it signed a contract to supply equipments for 11 gas turbines to Libya's power utility General Electricity Company of Libya, or GECOL.
MAIN FACTS:
- The 11 turbines were originally provided by Alstom to five different power plant locations.
- The delivery of parts for major inspections on six turbines is scheduled for 2013, whereas the remaining parts for the five turbines will be delivered in 2014.
- These contracts support GECOL's objectives to have all the company's gas power plants operational and re-connected to the Libyan electrical grid, in order to provide enough power to cover the peak summer and winter demands for 2013.
- This contract further strengthens Alstom's service offering. It closely follows contracts to service gas turbines in the Ivory Coast and Jordan, thus boosting its presence in the Middle East Africa region where upgrade and optimization of the region's installed base of power generation is a high priority.
-Write to Inti Landauro at [e-mail]
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[waldron] 09/1/2013 21:57

UPDATE: International Firms Bid for Dam Projects in Argentina
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Alstom (EU:ALO)
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Today : Wednesday 9 January 2013
--Local and international companies submit bids for nearly $5 billion in projects to build two hydropower dams
--Bidders include companies from Brazil, China, France, Korea and Spain
--The dams will generate 1,740MW and enough electricity so Santa Cruz province can export it to the rest of Argentina and potentially even bordering countries
(Adds commentary and background throughout.)
By Taos Turner and Shane Romig
BUENOS AIRES--More than 20 companies, including firms from Brazil and China, have submitted bids to build two hydroelectric dams in Argentina, part of a nearly $5 billion project aimed at generating more electricity for local industry and potentially for export.
The dams, which will take more than five years to build, will be in the southern province of Santa Cruz and could vitalize the southern half of Argentina, providing power to some areas for the first time.
Argentina's government will pick the winning bids in 60 days and sign contracts a month later, Planning Minister Julio De Vido said Wednesday. He said construction will begin by June.
The dams will generate 1,740 megawatts of electricity, accounting for about 10% of total national demand for electricity, Mr. De Vido said. He called on mayors and politicians in Santa Cruz and surrounding provinces to come up with plans to attract businesses and manufacturers to the region, saying the new power could fuel industrial growth.
"This will change the destiny not only of Santa Cruz but also of the region," Mr. De Vido said. "We will see a true revolution in terms of employment and economic activity in the region and we have to be ready for it."
A key aspect of the plan is a related project that will connect Santa Cruz and other areas to the national power grid. In an interview Wednesday, Santa Cruz Lieutenant Governor Fernando Cotillo said the damns wouldn't make any sense if they weren't connected to the rest of the country.
"Santa Cruz is going to become a producer and exporter of energy. With these two dams, we'll have an energy surplus and a competitive advantage for companies that want to come to Santa Cruz," Mr. Cotillo said. "This is strategically important. We'll be able to generate energy and transport it to other areas, including Buenos Aires and even Brazil and Chile."
By building the dams, Argentina will also be able to reduce the need to import diesel and liquefied natural gas, saving the government $1.1 billion annually, Mr. De Vido said.
In 2011, Argentina's energy import bill totaled $9.4 billion, straining the federal budget. Indeed, Argentine President Cristina Kirchner has said the import bill was so onerous that it forced the government last year to expropriate the oil and gas company YPF SA (YPFD.BA, YPF) from Spain's Repsol SA (REP.MC) in a bid to produce more energy.
Mr. De Vido said the companies bidding had agreed to find financing for at least 50% of the value of the project, cutting in half the government's need to finance the dams itself.
The companies, which also include bidders from Argentina, France, Korea and Spain, submitted bids though five international consortia. International bidders were required to ensure that least 30% of the construction components are made in Argentina, Mr. De Vido said.
Bidders included China Gezhouba Group Corp. (600068.SH) in tandem with Argentina's Electroingenieria SA; Brazil's Odebrecht SA together with Argentina's Industrias Metalurgicas Pescarmona SA, or Impsa; Brazil's OAS SA with Hyundai Engineering and Construction Co. Ltd (000720.SE) and Argentina's Sociedad Comercial del Plata (COME.BA); Argentina's Helport SA from the Eurnekian family group together with Spain's Isolux Corsan; and China's Sinohydro Corp. in tandem with Argentina's IECSA SA, Mr. De Vido said.
France's Alstom SA (ALO.FR) is also participating.
Hydroelectric dams currently account for almost 30% of the power generated in Argentina.
The dam projects, first announced in 2008 and repeatedly delayed, will be named after two former Santa Cruz governors, including Argentine President Cristina Kirchner's late husband and predecessor in office, Nestor Kirchner.
"This is a dream come true for the people of Santa Cruz, not just because of the economic growth it will bring but because of the energy it will allow us to export," Santa Cruz Congresswomen Stella Garcia said in an interview.


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[waldron] 07/1/2013 16:17

Alstom to Supply EUR250 Million Equipment for Dam in Ethiopia
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Alstom (EU:ALO)
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Today : Monday 7 January 2013
French power equipment and train manufacturer Alstom SA (ALO.FR) Monday said it signed a contract to supply hydropower equipments worth 250 million euros ($325 million) to the Grand Renaissance dam in Ethiopia.
MAIN FACTS:
- Alstom signed a contract with Metals & Engineering Corporation (METEC) to supply turbines and generators for the hydro power plant of the Grand Renaissance dam, located on the Blue Nile in Ethiopia. The power plant will be operated by EEPCO.
- Alstom will supply and supervise the installation of all electromechanical equipment for the plant, including eight 375-MegaWatt turbines and eight generators for the first phase. The contract also includes engineering and power plant commissioning.
- When completed, the Grand Renaissance power plant, with a total output of 6,000 MW, will be the largest hydro project in Africa and a priority for the Ethiopian government.
-Write to Inti Landauro at [e-mail]
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