Alstom (ALO-FR)

QUOTE AND NEWS
Financial Times  Jul 25  Comment 
SFO says it intends to charge at least six individuals with corruption offences in September, stemming from alleged wrongdoing in overseas projects
Wall Street Journal  Jul 24  Comment 
The U.K.'s Serious Fraud Office brought criminal charges against a U.K. subsidiary of French power and transportation company Alstom over allegations of corruption.
The Hindu Business Line  Jul 24  Comment 
SeekingAlpha  Jul 24  Comment 
By David Alton Clark: Overview General Electric's (NYSE:GE) stock has taken a hit in recent days due to questions raised about the possibility of the turnaround plan stalling out. Many still question the validity of the Alstom (OTCPK:ALSMY)...
The Economic Times  Jul 23  Comment 
The total expenses of Alstom T&D India increased to Rs 616.1 crore, over Rs 545.9 crore in the same quarter of the last fiscal, the company said.
Financial Times  Jul 23  Comment 
French engineering group’s orders double as it seeks to convince investors that transport business can flourish after sale of energy division
Wall Street Journal  Jul 23  Comment 
Alstom said train sales jumped 16% in the first quarter and is upbeat about the outlook for the division, underscoring its decision to focus on its transport business and sell its power assets.
Reuters  Jul 23  Comment 
* Says cannot yet provide detailed guidance (Adds details, background)
Motley Fool  Jul 22  Comment 
Alstom could sharpen its competitive edge substantially once it gets ahold of GE’s signaling business.
The Hindu Business Line  Jul 21  Comment 
Alstom T&D India has secured an order worth ₹200 crore from Power Grid Corporation to supply transformers for the upgrade and expansion of 400/220kV grid sub-stations across eastern India.




 
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French multinational conglomerate which holds interests in the power generation and transport markets. According to the company website, in the years 2007-'08

  • Alstom had annual sales of over €16.9 billion, and
  • employed more than 76,000 people in 70 countries.
  • Global 500 (2008) rank : 338
Alstom's headquarters are located in Levallois-Perret, near Paris.
CEO: Patrick Kron
Activities on official website: http://www.alstom.com/home/activities

Financial year 2007-2008

In financial year 2007/08, Alstom's Power Systems Sector booked:

  • a record 38 gas turbines, including 18 GT26.
  • a major contract for steam turbines and generators in a coal power plant in South Africa.
  • an order for four conventional islands in Chinese nuclear power plants.
  • several hydro projects in Brazil, China, Vietnam and Uganda.

Alstom's Power Service Sector signed:

  • 10 operation and maintenance contracts (mainly for gas-fired power plants)
  • many small and medium sized orders, notably in Europe and USA.

Alstom's Transport Sector achieved orders including:

  • a major contract for very high speed trains in France.
  • Pendolino high speed trains for the Helsinki - St Petersbourg line.
  • metros in New York and several other cities.
  • tramways in Dublin and Rotterdam
  • regional and suburban trains in Spain, Australia and Germany
  • a signalling system in Belgium
  • a maintenance contract in the UK.

2009

source Bloomberg Feb,9

The engineering group and its partners won a 6.8 billion-riyal ($1.8 billion) contract to build a 444- kilometer (276-mile) railway in Saudi Arabia, Saudi Gazette reported. The shares gained 2.28 euros, or 5.3 percent, to 44.64 euros.

source China Daily, Feb 10

Alstom will continue technology transfer to China and strengthen its presence in the country, which potentially boasts the world's largest market for infrastructure building.Technology transfer has been a key part of Alstom's strategy. It usually forms consortiums with local partners when bidding for projects in overseas markets.

Competitors

  • Siemens_AG_(SI)
  • Bombardier_(BBD-T)
  • Ansaldobreda (company based in Pistoia and Naples, Italy and responsible for designing and manufacturing railway and mass transit vehicles)

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