PR Newswire/Les Echos/
PRESS RELEASE - 29 JANUARY 2013
16.3% SALES GROWTH IN THE FIRST 9 MONTHS
CONFIRMATION OF FULL-YEAR SALES TARGET
Gennevilliers, France, 29 January 2013
Sales 2011/2012 2012/2013 % change % change Forex
(EUR millions) published organic effect
Q3: 1 Oct. - 31 Dec. 229.9 248.7 +8.2% +1.6% +1.7%
9 months 2012/2013 610.2 709.7 +16.3% +7.5% +3.1%
7.5% ORGANIC SALES GROWTH IN THE FIRST 9 MONTHS
Faiveley Transport generated sales of EUR 248.7 million in the third quarter of
its 2012/2013 financial year, an increase of 8.2% compared to the third quarter
of the previous year. On a like-for-like basis, sales grew by 1.6% during the
For the first nine months of 2012/2013, Group sales were EUR 709.7 million, a
16.3% increase compared to the previous year, including growth of 7.5% on a
like-for-like basis. Group structure effects (integration of Graham-White)
contributed growth of 5.7%, while favourable foreign exchange effects generated
an additional 3.1% increase.
During the first three quarters, organic sales growth was recorded in all
* Europe grew by 6.2% on a like-for-like basis, thanks to strong business
activity in Italy, as well as for deliveries to Switzerland, Belgium
(Brussels RER equipment for SNCB) and the UK (London Underground). The Group
also benefited from a favourable comparative basis in the first quarter;
* The Asia-Pacific region recorded organic growth of 7.3% with strong growth in
Russia, where the Group's sales more than trebled. The trend was also
positive in both China and India;
* The Americas reported organic growth of 13.3% on a like-for-like-basis, due
to a significant number of Passenger projects at the delivery phase, which
offset the slowdown noted in the freight segment since the summer of 2012.
The Service activity continued to post steady growth with an organic increase
of 11% during the period, and currently accounts for 40% of Group sales. The
three Original Equipment activities recorded growth of 5% on a like-for-like
ORDER BOOK OF EUR 1,616 MILLION
At 31 December 2012, the order book totalled EUR 1,616 million, a year-on-year
decline of 4.2% and a decline of 4.4% compared to 31 March 2012 (down 4.5% on a
like-for-like basis). The Group has won an important number of smaller size
orders following several years of exceptional growth of the order book, mainly
due to the award of major new platforms in Europe and Canada.
Main orders won by the Group during the last quarter originated from all
o As part of the extension of Line 14 of the Paris Metro, access door systems
to equip 14 trains supplied to RATP by Alstom with deliveries scheduled for
2014 and 2015;
o Braking systems for 27 trains of the Lille Metro, also built by Alstom;
o Refurbishment of all access doors for 14 Eurostar trains, awarded to the
o Overhaul of access doors of ET423 regional trains to improve accessibility
for people with reduced mobility;
o Air conditioning systems on the Coradia regional trains sold by Alstom to
o Air conditioning systems for 40 commuter trains in Izmir, built by Rotem
o Order for braking systems to equip 10 tramways for the Greater Sydney area,
built by CAF;
o In China, an order for compressors to equip the new 8-axle locomotives built
by Zhuzhou and Datong;
* South America:
o Braking systems for 18 metro trains, supplied by Alstom to the Panama Metro
o In Brazil, supply of brake systems for 40 tramways of the City of Cuiaba
built by CAF.
In China, the Group signed a framework agreement in January with the car
builder Datong regarding the supply of braking systems for 150 new 8-axle
locomotives, of which one hundred should be delivered during the 2013/2014
CONFIRMATION OF FULL-YEAR TARGETS
The Group confirms its objective of sales growth over the full financial year,
with modest organic growth and the positive contribution of the acquisition of
Graham-White. As forecasted, operating profit is expected to improve as
compared to the previous fiscal year.
The market outlook is consistent with previous announcements, particularly
regarding the recovery of investment in China, which has been confirmed by the
Ministry of Railways and resulted in the framework agreement signed by the
Group for the provision of brakes to Datong's locomotives.
Shareholders' agenda: 26 April 2013(after close of trading), 2012/2013 Annual
FAIVELEY TRANSPORT, WORLD LEADER IN THE RAILWAY INDUSTRY
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 www.faiveleytransport.com.
Guillaume Bouhours Chief Financial Officer
Guillaume.email@example.com +33 1 48 13 65 03
NewCap Communications agency
Emmanuel Huynh firstname.lastname@example.org +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
Bloomberg: LEY FP / Reuters: LEY.FP
Head office: Immeuble Le Delage - Hall Parc - Bâtiment 6A
6ème étage- 3, rue du 19 mars 1962 - 92230 Gennevilliers Cedex - France
Tel: +33 (0)1 48 13 65 00 - Fax: +33 (0)1 48 13 66 47
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-0- Jan/30/2013 07:55 GMT
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