In the first half 2022/23 (from 1 April to 30 September 2022), Alstom booked €10.1 billion of orders.
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The group sales reached €8.0 billion, in line with the targeted trajectory, resulting in a strong book-to-bill ratio at 1.25.
The backlog reached €85.9 billion, providing strong visibility on future sales.
Alstom’s adjusted EBIT was €397 million, equivalent to a 4.9% aEBIT margin. Adjusted net profit was €179 million and free cash flow was €(45) million for the half-year.
Alstom’s sales were €8.0 billion for the first half of fiscal year 2022/23, representing a growth of 8% on an actual basis and 5% on an organic basis compared with Alstom sales in the same period last fiscal year.
Sales related to non-performing backlog, corresponding to sales on projects with a negative margin at completion, were €1.3 billion during the first half of the fiscal year 2022/23.
Rolling stock sales reached €4.4 billion, representing an increase of 2% on an actual basis, driven by the continued execution of large rolling stock contracts, including the Coradia Stream trains in the Netherlands, the Regio 2N regional trains and Francilien suburban trains for SNCF as well as EMU trains for the Paris Metro for RATP in France, the Barcelona Metro for Transports de Barcelona SA in Spain, the ICE 4 trains and the S-Bahn Stuttgart trains for Deutsche Bahn in Germany, the Aventra trains in the United Kingdom and the double-deck M7-type multifunctional coaches for SNCB in Belgium.
On the other hand, large Rolling Stock contracts such as the TWINDEXX double-deck trains for SBB in Switzerland and the Coradia StreamTM trains in Italy are close to completion, therefore generating lower levels of sales as compared to the same period last year.
Services sales stood at €1.8 billion, up 16% versus last year, benefiting from growth in Europe maintenance as well as train operations in Americas.
In Signalling, Alstom reported €1.2 billion sales, up 7% versus last year, led by a stable execution in Europe and in APAC and a growing performance in Germany.
Systems sales grew 41% on an actual basis and stood at €0.7 billion, reflecting an acceleration in execution on key projects notably Cairo monorail, Thailand and Montreal, as well as new orders contributions. ■