Alstom 3Q Sales and Orders Rise on New Contracts

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.

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.

Write to Nathan Allen at

(END) Dow Jones Newswires

January 17, 2018 01:50 ET (06:50 GMT)