PARIS, Jan 12 (Reuters) - French power engineer and transport equipment group Alstom reported a 5 percent rise in third-quarter sales to 3.311 billion euros ($4 billion) on Thursday, and confirmed a forecast for an increase of over 7 percent in sales for the full year on a comparable basis.
The maker of high-speed trains and power stations said its new orders rose to a forecast-topping 5.404 billion euros, with a marked increase at its Marine Division which had a 1.1-billion-euro order for two cruise ships from Italy's MSC.
Earlier this year Alstom agreed to transfer these activities to Norway's Aker Yards , at a 100 million euro loss.
The performance led Alstom to raise its forecast for orders for the full year from unchanged to an estimated increase of 5 percent on a comparable basis from the previous year, the statement said.
A Reuters poll of 10 analysts had shown sales forecasts averaging 3.45 billion euros and in a range of 3.12-3.71 billion. For new orders the consensus was 4.77 billion, with the range 3.68 to 5.67 billion.
Alstom has made several disposals as part of obligations imposed by the European Commission to approve the French state's role in a financial rescue package.
Last year it sold its Power Conversion unit with sales of 500 million and its industrial boiler unit which had sales of 400 million.
New orders included the signing of a 1.1 billion euro deal for two cruise ships for Italy's MSC -- the deals which boosted its shipyards business -- and the sale of several big GT24/GT26 gas turbines.
Alstom returned to the black in the first half and raised profit targets as it headed toward full recovery with a new financing pact without state guarantees.
The French state played a big role in a 3.2 billion euro bailout in 2003 when the group skirted bankruptcy due to problems at a gas turbines unit it had bought from ABB and the failure of big shipbuilding client, Renaissance Cruises.
The state has a 21.14 percent stake in Alstom.
((Reporting by Dominique Vidalon, editing by Greg Mahlich
|
Grüezi! Sie wurden auf finanzen.ch, unser Portal für Schweizer Anleger, weitergeleitet.
Zurück geht es hier.
Thread abonnieren
