Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Paris  >  Alstom    ALO   FR0010220475

ALSTOM (ALO)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Alstom : to contribute to the metro development in Chengdu and Xi’an

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/11/2014 | 06:32pm CEST

Alstom and its local joint venture Satee1 have been awarded two contracts worth a total of €75 million2 to supply new traction equipment for more than 550 cars3 due to operate on Chengdu metro lines 3 and 4 and Xi'an metro line 3 from 2015.

Both cities are significantly expanding their existing metro networks. Chengdu - an important economic centre in western China - will count 10 lines (350 km) by 2020, and the historic city of Xi'an - located in central China - will consist of six metro lines by 2018.

Alstom and Satee will provide the metros of Chengdu and Xi'an with Optonix, the latest traction system technology developed by Alstom. Specifically designed and developed for the Chinese market, Optonix reduces travel time thanks to optimized acceleration and deceleration increasing train frequency. The traction system, which includes motors and auxiliary converters, will be manufactured locally by Satee and supported by Alstom's design unit in Charleroi, Belgium.

"This is Alstom's first batch of metro contracts in central and western China, marking a strategic breakthrough for us in China," said Dominique Pouliquen, Senior Vice President of Alstom Transport Asia Pacific. "These contracts demonstrate our customers' continued confidence and trust in Alstom technologies and solutions. With a strong localization strategy combined with enhanced R&D and engineering capabilities, Alstom, through our Satee JV, has reinforced its leading position in traction systems in the booming Chinese market."

Over the last few years, Alstom has supplied more than 1,600 metro cars to China and provided traction systems to over 1,400 metro cars in major Chinese cities including Beijing, Shanghai, Qingdao, Nanjing and Hong Kong. Alstom has a major office in Chengdu responsible for its western China business development. In Xi'an, Alstom has a joint-venture - Xi'an Alstom Yongji Electric Equipment Co., Ltd., engaged in the manufacture, assembly, testing, and warranting of traction motors.

Press contacts

Virginie Hourdin / Claire Biau (Alstom Group) - Tel +33 1 41 49 21 36 / 39 95

virginie.hourdin-bremond@chq.alstom.com ; claire.biau@alstom.com  

Linda Huguet (Alstom Transport HQ) - Tel: + 33 1 57 06 10 42

linda.huguet@transport.alstom.com

Jenny Zhang (Alstom China) - Tel: +86 10 8460 9196

Jenny-y.zhang@transport.alstom.com

1 Shanghai Alstom Transport Electrical Equipment Co. Ltd.

2 Over €42 M for Chengdu, booked in Dec. 2013; and close to €33 M for Xi'an, booked in Nov. 2013

306 metro cars for Chengdu metro line 3 and 4; 246 metro cars for Xi'an's line 3

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALSTOM
08/23 ALSTOM : to Renew Signalling System of Four Stations on Sarmiento Line
08/23 ALSTOM SA : Alstom signs maintenance contract for 8 years for regional trains in..
08/22 ALSTOM UBUNYE PLEDGES SUPPORT TO A S : Esibonelweshile Secondary School
08/22 ALSTOM : to renew the signalling system of four stations on Sarmiento line in Bu..
08/13 ALSTOM : 3 overseas cos competing in NTA signals tender
08/11 ALSTOM : UK`s National College for High Speed Rail receives refurbished power ca..
08/04 ALSTOM : GE Signs 12-Year Agreement to Help Boost Reliability and Profitability ..
08/03 ALSTOM : DMUs modernised for state-of-the-art ambience and contemporary comfort
08/02 ALSTOM : delivers world's first Citadis X05 Light Rail Vehicle to Sydney, Austra..
08/02 ALSTOM : Delivers Worlds First Citadis X05 Light Rail Vehicle to Sydney, Austral..
More news
News from SeekingAlpha
05/07 Alstom ADR's (ALSMY) CEO Henri Poupart-Lafarge on Q1 2017 Results - Earnings ..
05/04 Alstom ADR reports FY results
01/25 Toyota Has Major New Battery Electric Vehicle Program But Hangs On To Its Hyd..
01/11 Alstom/Bombardier seals French train deal
01/11 WALL STREET BREAKFAST : Trump News Conference Awaited For Direction
Financials (€)
Sales 2018 7 754 M
EBIT 2018 469 M
Net income 2018 332 M
Debt 2018 258 M
Yield 2018 1,38%
P/E ratio 2018 20,72
P/E ratio 2019 18,20
EV / Sales 2018 0,90x
EV / Sales 2019 0,79x
Capitalization 6 690 M
Chart ALSTOM
Duration : Period :
Alstom Technical Analysis Chart | ALO | FR0010220475 | 4-Traders
Technical analysis trends ALSTOM
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 30,9 €
Spread / Average Target 1,7%
EPS Revisions
Managers
NameTitle
Henri Poupart-Lafarge Chairman & Chief Executive Officer
Thierry Best Chief Operating Officer
Marie-José Donsion Senior Vice President-Finance
Klaus J. Mangold Independent Non-Executive Director
Candace Krugman Beinecke Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ALSTOM14.48%7 867
ABB LTD2.14%50 303
SHANGHAI ELECTRIC GROUP COMPANY LIMITED-9.86%13 658
ABB INDIA LTD29.10%4 485
CHINA XD ELECTRIC CO., LTD.1.25%4 372
CSG SMART SCIENCE&TECHNOLOGY CO LTD--.--%2 817