alstom sa-unspon adr (ALSMY) Key Developments
Alstom Reaffirms Earnings Guidance for the Full Year of Fiscal 2015
Jan 21 15
Alstom reaffirmed earnings guidance for the full year of fiscal 2015. The company confirmed, basically, guidance for the full year, with the high single-digit organic growth of the sale and an operating margin after corporate costs increasing -- exceeding 5%, and it also confirmed free cash flow guidance. It maintains also medium-term guidance, as indicated previously.
Alstom SA Announces Group Sales Results for the Third Quarter and Nine Months Ended Dec, 31, 2014
Jan 21 15
Alstom SA announced group sales results for the third quarter and nine months ended Dec, 31, 2014. For the quarter, the company’s sales were EUR 1,501 million against EUR 1,349 million a year ago.
For the nine months, the company’s sales were EUR 4,557 million against EUR 4,051 million a year ago.
Alstom Secures Eur 100 Million Railway Signalling Contract in Egypt
Jan 16 15
Alstom announced that it has won a EUR 100 million contract with the Egyptian National Railways (ERN) for supply of signalling equipment to the Beni Suef-Asyut rail line in Egypt. The contract has a clause for five-year maintenance services, as well, the company reported. Delivery of the equipment is scheduled to start in 2016. Alstom will deliver its Smartlock electronic interlocking system (EIS) solution to the 240-km-long (150 miles) Beni Suef-Asyut regional line to replace the existing electrical-mechanical system. In addition, the company will deliver trackside equipment and a telecommunication system.
Alstom Receives Two Maintenance Contracts from SJ and Arriva
Jan 15 15
Alstom has received a nine year maintenance contract from SJ for Vasttrafik's commuter and regional trains, starting December 2015, and a 10-year maintenance contract from Arriva for Ostgotatrafiken's commuter trains, starting June 2015. Alstom will be responsible for maintenance of 63 electrical multiple units from Vasttrafik, where of 22 Coradia Nordic manufactured by Alstom. The trains will operate lines in the Gothenburg region and produce approximately 6 Mkm per year. Alstom will be responsible for the maintenance of 19 electrical multiple units, where of 13 Coradia Nordic manufactured by Alstom. Maintenance will be managed in the depot in Boxholm. The trains will mainly operate line the Norrkoping region Mjolby and Motala - Tranas and produce approximately 3.5 Mkm per year.
Alstom Receives EUR 40 Million Contract from Sarawak Energy Berhad
Jan 15 15
Alstom has received a EUR 40 million turnkey contract from Sarawak Energy Berhad, or SEB, to reconstruct the 275kV Tudan substation in Sarawak, otherwise known as East Malaysia. The project, to be completed in phases over 41 months, will strengthen the Sarawak Grid for reliable electricity supply to the Miri population, the second large city in Sarawak, as well as industries in and around the Northern Region in Sarawak. Alstom will supply the necessary civil works, as well as products and commissioning, for the upgrade, including a new 275 kV switchyard and two new 240 MVA auto transformers. Alstom will also relocate existing systems and auxiliaries from present site to the new substation.