Add us to your taskbar by dragging this icon RGI logo to the bottom of your screen.

Close

UK woes hit Alstom profits

01 Jun 2002

Continuing problems with train deliveries in the UK during the financial year ended March 31 2002 slashed Alstom Transport's operating profit to €101m, a reduction of 62% compared with the previous year. Operating margin fell from 6·0% to 2·3%. According to the company, 'the major negative impact on operating income was from the UK train contracts'.

Orders received totalled €6154m, an increase of 11% over the previous financial year. However, this included several large orders received by UK track maintenance company GTRM which was sold in September 2001. On a comparable basis order growth was 4%. Europe remains Transport's biggest market, representing 71% of the total. Demand for signalling and related systems more than doubled. Sales barely changed at €4413m, up just €13m. Slower deliveries of UK trains were offset by increases in France and eastern Europe. Excluding the UK, sales in Europe increased by 25%.

  • Alstom has signed a memorandum of understanding with two Japanese firms to carry out joint studies into the feasibility of maglev technology for transit applications.