PARIS, May 15, 2001 (PRIMEZONE) -- ALSTOM:
-- Record order book at Eur 39.4 billion equivalent to 19 months of
sales
-- Orders rose by 11% on a comparable basis to Eur 25.7 billion
-- Sales rose by 15% on a comparable basis to Eur 24.6 billion
-- Operating income of Eur 1,151 million
-- Operating Margin at 4.7% versus 4.5% in fiscal year 2000
-- Net income before goodwill of Eur 564 million
-- Net income of Eur 204 million
Commenting on the results presented to the Board on 14 May 2001, Pierre Bilger, Chairman and Chief Executive Officer of ALSTOM, stated: "This year has been a year of significant change and continuing progress towards our strategic goals. We are now the recognized specialist in energy and transport infrastructure. Our actions this year have translated into an excellent order book, a new shareholder base and a more focused portfolio of activities.
"Despite short-term world-wide economic uncertainties, we continue to benefit from strong medium to long-term infrastructure demand and good market positions for most of our products and services. Although our operating income rose, we still feel that we can significantly improve the profitability of our businesses.
"For the coming years, we will be building the foundations for future profitable growth by concentrating on operational efficiency, continued focusing of our activities and growth in higher value added products and services. The current lack of visibility of the world economy invites caution. Nevertheless, our performance during fiscal year 2002 should show again some progress and we see no reason today not to maintain our 6% operating margin target for fiscal year 2003."
Summary Income Statement
In Eur million FY 2001 FY 2000 Order Backlog 39,429 23,701 Orders Received 25,727 17,259 Sales 24,550 16,229 Cost of Sales (20,428) (12,977) Selling, General & Administrative Expenses (2,971) (2,523) Operating income 1,151 729 Other Income (Expense) (255) 73 Earnings Before Interest and Tax 896 802 Financial expense (116) (62) Pre-tax income 780 740 Income tax (175) (119) Share in net income of equity investees and minority interests (41) (28) Income before goodwill amortization 564 593 Amortization of goodwill (360) (244) Net income 204 349
Other Key Indicators
In Eur millions unless otherwise stated FY 2001 FY 2000 Operating Margin 4.7% 4.5% Earnings per Share before Goodwill Eur2.6 Eur2.8 Cashflow from Operations 597 453 Net Debt 1,216 831 Net Debt / Equity 55% 41%
The complete ALSTOM Annual Results release can be found at the following link: http://www.prline.com/affiche.asp?Doc_id=118456