Alstom SA (ALO.FR)'s third-quarter sales and orders rose, due to several large contracts in France, South Africa and Saudi Arabia, the company said Wednesday.
Sales at the French train maker for the October-December period were 1.76 billion euros ($2.16 billion), compared with EUR1.66 billion a year earlier.
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The company said it booked orders of EUR1.68 billion, up from EUR1.02 billion in the year-earlier period. However, orders for the April-December period fell 33% to EUR4.85 billion.
Chief Executive Henri Poupart-Lafarge said Alstom continues to make progress on the merger with Siemens's mobility division and he expects to sign a business combination agreement with the company's works council in the coming period.
Alstom also confirmed its guidance of 5% organic sales growth, and an adjusted earnings before interest and taxes margin of 7% by 2020.
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(END) Dow Jones Newswires
January 17, 2018 01:50 ET (06:50 GMT)