Sales and profits grow for trains group
French train manufacturing group Alstom, which has its Midlands Traincare Centre at Oxley, Wolverhampton, saw sales and profits rise in its latest financial year.
In the year to the end of March, Alstom booked £7.8 billion of orders and sales wereup seven per cent to £7.5bn.
Adjusted earnings before tax were ahead two per cent at £554 million
Chairman and chief executive Henri Poupart-Lafarge said Alstom opened a new chapter in its history in 2020-2021 by finalising the acquisition of Bombardier Transportation on January 29 for £4.7bn.
He said it had created a global mobility leader committed to respond to the increasing need for greener transportation worldwide.
"Commercial performance remained strong this year, demonstrating that rail is supported by solid market fundamentals: Alstom secured various large orders in H2 2020/21 such as double-deckers in the United-States, metros in India and the largest ever order placed by the Spanish operator RENFE.
"Sales resisted well despite the impact of the first Covid-19 wave on our operations and the group delivered a solid operational performance with tangible results in terms of profitability. With the integration of Bombardier Transportation fully on track, the Group is starting the new fiscal year fully focused on customer satisfaction, project execution and on seizing opportunities from the strong commercial momentum supported by a worldwide push for sustainable mobility.”
