First Half Sales 2012/2013

PR Newswire/Les Echos/ 
Press release 25 October 2012 
                21.2% SALES GROWTH IN THE FIRST HALF-YEAR 


Gennevilliers, France, 25 October 2012

Sales                 2011/2012  2012/2013  % change  % change  Forex
(EUR millions)                   published  organic    effect
Q1: 1 April - 30 June   169.3      224.0    + 32.3%   + 21.2%   + 4.0%
Q2: 1 July - 30 Sept.   211.0      237.1    + 12.4%    + 2.9%   + 3.9%
HY1 2012/2013           380.3      461.1    + 21.2%   + 11.1%   + 3.9%


Faiveley Transport generated sales of EUR 237.1 million in the second quarter 
of the 2012/2013 financial year, an increase of 12.4% compared to the same 
period of the previous year. On a like-for-like basis, sales were up 2.9% over 
the second quarter.

Overall, for the first half of 2012/2013, sales totalled EUR 461.1 million, an
increase of 21.2% compared to the first half of 2011/2012, of which 11.1% 
growth on a like-for-like basis, a 3.9% positive foreign exchange effect and a 
6.2% positive external growth effect (integration of Graham-White).

On a like-for-like basis, sales grew in all geographic regions:

  *  Europe grew by 10% thanks to a favourable comparative basis, strong
     business activity in Italy, the delivery of equipment for SNCB's Brussels 
     RER trains and the delivery of new trains for the London underground. 
     France also reported growth and remains the Group's leading market with 
     15% of total group sales.

  *  The Asia-Pacific region recorded growth of 8% on a constant foreign
     exchange basis, driven by a strong increase in deliveries to Russia. 
     China, the Group's second market with 13% of total sales, experiences a 
     recovery, notably with a significant increase in metro equipment 

  *  The Americas reported organic growth of 18% for the first half of the 
     year, due to the ramp up in the delivery of Passenger projects and in 
     spite of the slowdown in the freight segment since the 2nd quarter. 
     Following the acquisition of Graham-White, the US now accounts for 11% of 
     total Group sales.

The  Service activity continued to post steady, buoyant growth with a 14%
increase on a like-for-like basis over the first six months. Original equipment
activities achieved organic growth of 9% during the period.


As of 30 September 2012, the order book totalled EUR 1,680 million, a
year-on-year increase of 4.1% and a decline of 0.6% over the first half-year. 
On a like-for-like basis, the year-on-year increase was 2.1%, with a decline of
1.3% over the first six months.

Major orders won by the Group during the first half of the year include: 
  *  In France:
         -  The retrofit of platform screen doors for 18 stations of the Lille
            Metro Line 1;
         -  A repeat order for air conditioning systems, brake components and
            access doors for 70 trains of the Paris metro, built by Alstom and 

        Bombardier on behalf of RATP. 
  *  In Morocco: 
     -  Access doors, interior doors and braking systems for 14 high-speed 
        trains built by Alstom for the Tanger-Casablanca line.
  *  In Asia-Pacific: 

         -  An access doors contract with Alstom for 42 new trains for 
            Singapore metro
         -  In China, an order for access doors and air conditioning systems 
            for 46 CRH1-250 high-speed trains built by Bombardier Sifang 
         -  In Russia, the supply of braking systems and pantographs for
            Transmashholding's new EP20-type locomotives and a repeat order for
            air conditioning systems for the Moscow metro.


Europe should report sales growth over the full financial year, with a 
continued good level of deliveries.

In North America, after a strong start to the year, the US freight car market 
is showing signs of slowing down, with an estimated 40,000 to 45,000 new 
freight cars on an annualised basis during the second half (compared to initial
forecasts of 53,000 for the year), while the locomotives market remains stable
around 1,200 locomotives per year.

In China, the Group has been selected to supply braking systems for the
prototypes of two new high-speed platforms, CRH-3A and CRH-3G, built by the
Chinese manufacturers Tangshan Railway Corporation (TRC) and Changchun Railway
Corporation (CRC), respectively. These trains will have speeds of 250 km/h and
are to be tested for approximately one year before receiving certification from
regulatory authorities; series production orders may be placed after they have
been certified. More generally, the effects of the new investments plans in
China will likely materialize from 2013/14.
Lastly, in Russia, the Group should benefit from buoyant growth in its

The Group is maintaining its objective of sales growth over the full financial
year, with modest organic growth and the positive contribution of the
acquisition of Graham-White.

Shareholders' agenda: 27 November 2012 (after close of trading), Half-Year
Results 2012/2013.

About Faiveley Transport Group

Faiveley Transport is a global leader in high tech components for rail systems.
The Group supplies manufacturers, operators and railway maintenance bodies
worldwide with the most comprehensive range of systems in the market: air
conditioning, passenger access systems, platform doors and gates, braking
systems, couplers, power collectors, passenger information and services.

FAIVELEY Transport employs more than 5,000 people in 25 countries. 

For more information, please visit 


Guillaume Bouhours                          Chief Financial Officer    +33 1 48 13 65 03

NewCap                                      Communications agency
Emmanuel Huynh                                                 +33 1 44 71 94 99 

Euronext Paris Compartment B, member of the NYSE Euronext Group
A component of the CAC Allshare and CAC Mid 60 indices
ISIN: FR0000053142
Bloomberg: LEY FP / Reuters: LEY.FP

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-0- Oct/26/2012 09:51 GMT
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