Alstom 2013/14 annual results

Between 1 April 2013 and 31 March 2014, Alstom booked €21.5 billion of orders, down 10% compared to last year. Sales, at €20.3 billion, showed a 4% organic growth compared to last year. Income from operations amounted to €1,424 million, down 3%, with a 7% operating margin. The net result decreased from €768* million in 2012/13 to €556 million, affected mainly by higher restructuring and financial charges as well as some specific write-offs and provisions. The free cash flow has been positive in the second half of 2013/14 with €340 million generated, after the €511 million outflow in the first half. Continue reading Alstom 2013/14 annual results