Alstom H1 net income rises over 3-folds to 563 mn euros

Sustainable mobility promoter Alstom Wednesday reported an over three-fold rise in its net income to 563 million euros for the half-year ended September 2018.

The group had clocked a net income of 177 million euros for the corresponding period of the previous fiscal.

"Net income (Group share) was exceptionally high at 563 million euros. During the first half of fiscal year 2018/19, free cash flow amounted to 172 million euros," the company said in a filing.

It said between April 1, 2018 and September 30, 2018, Alstom booked 7.1 billion euros of orders leading to a new record-breaking backlog of 38.1 billion euros.

Its sales reached 4 billion euros, it said.

"Alstom achieved excellent results in this first half with breakthrough commercial successes, including new generation of very high-speed trains in France and metro system project in Canada. The new record-breaking backlog provides strong visibility on future sales and our outstanding operational performance reflects the solid projects execution," said Henri Poupart-Lafarge, Alstom Chairman and Chief Executive Officer.

He added, "In the meantime, we continue to progress on the combination with Siemens Mobility to create substantial value for the mobility sector, our customers, every day users of our transport solutions as well as for our employees and our shareholders."