Don't miss

Replay


LATEST SHOWS

ENCORE!

The highs and lows of Cannes for the critics

Read more

EYE ON AFRICA

Remembering our friend and colleague Jean Karim Fall

Read more

MEDIAWATCH

Bad diplomacy, brawls & bromance

Read more

ENCORE!

Cannes 2017: Pitch Perfect's Brittany Snow becomes an urban warrior

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 1)

Read more

THE WORLD THIS WEEK

US President wraps up world tour in Italy (Part 2)

Read more

FOCUS

The battle against illegal fishing in West Africa

Read more

DOWN TO EARTH

Trump has already quit the Paris climate deal - just not publicly

Read more

#TECH 24

The Ice Memory Project: A treasure trove for future scientists

Read more

Business

Alstom posts sales increase, maintains profit forecast

Latest update : 2009-01-20

France's engineering giant Alstom appeared unfazed by the global downturn as it announced an 11% increase in third-quarter sales and maintained its robust profit forecast for the coming fiscal year.

AFP - French engineering giant Alstom on Tuesday reported an 11 percent sales gain in the third quarter of its 2008-2009 fiscal year and maintained its profit projections.

Alstom, which manufactures power turbines and the high-speed TGV train, said it "continues to benefit from a solid financial situation."

Sales in the third quarter came to 4.6 billion euros (5.9 billion dollars), just shy of the 4.81 billion euros forecast by analysts according to Dow Jones Newswires.

Orders received in the third quarter were described by the company as "very satisfactory," coming to 6.1 billion euros, down 12.6 percent from a year earlier but beating expectations of 5.64 billion.

The group is projecting an operating margin of "around 9.0 percent" in March 2010, the end of its 2009-2010 fiscal year.

Date created : 2009-01-20

COMMENT(S)