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Alstom SA (ALSO.PA)

ALSO.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Alstom SA - U.S. judge sentences Alstom in bribery case, $772 mln fine - Reuters
Friday, 13 Nov 2015 06:47pm EST 

Alstom SA:A federal judge in Connecticut on Friday sentenced Alstom SA to pay a $772.3 mln criminal fine, the largest levied by the U.S. government in a foreign bribery case, the U.S. Department of Justice said - RTRS.The sentencing by U.S. District Judge Janet Bond Arterton in New Haven followed Alstom's plea on Dec. 22, 2014, to charges it violated the federal Foreign Corrupt Practices Act ("FCPA") by falsifying its books and records, and failing to implement adequate internal controls - RTRS.Alstom pleaded guilty after a probe in which investigators found it paid more than $75 million in bribes over a decade to win $4 billion of contracts in countries such as Egypt, Indonesia, Saudi Arabia and Taiwan, generating $300 mln of profit - RTRS.Authorities said Alstom tried to conceal the scheme by hiring middlemen masquerading as consultants to funnel corrupt payments, referring to them in code with names like "Mr. Geneva," "Quiet Man" and "Old Friend." - RTRS.The plea covered activity by various Alstom entities including Connecticut-based Alstom Power Inc, which entered a deferred prosecution agreement after admitting it conspired to violate the FCPA's anti-bribery provisions - RTRS.The Justice Department has also charged four executives from Alstom in connection with the bribery scheme - RTRS.Hree have pleaded guilty. The fourth, Lawrence Hoskins, a former senior vice president for the Asia region, faces a trial before Arterton on April 18, 2016 - RTRS.  Full Article

Alstom awarded 175 million euro locomotive contract in Switzerland
Friday, 13 Nov 2015 08:00am EST 

Alstom SA:Awarded a 175 million euro contract to supply 47 dual-mode locomotives to SBB Infrastructure in Switzerland.Locomotives are scheduled to enter commercial service in 2018.  Full Article

Alstom to supply 800 double electric locomotives to Indian Railways
Tuesday, 10 Nov 2015 11:49am EST 

Alstom SA:To supply 800 double electric locomotives to Indian Railways.Contract worth above 3 billion euros.Delivery of locomotives will spread between 2018 and 2028.  Full Article

Alstom wins 190 mln eur Cairo metro contracts
Monday, 9 Nov 2015 07:05am EST 

Alstom SA:Says signed two contracts with Egypt's National Authority for Tunnels to supply a signalling and telecommunications system and infrastructure for the phase 3 of Cairo metro line 3 currently under construction.Both contracts are worth a total of around 190 million euros.  Full Article

Alstom gives outlook on the medium term
Wednesday, 4 Nov 2015 07:00pm EST 

Alstom SA:For the medium term, sales are expected to grow at over 5 pct per year organically and the operating margin should gradually improve within the 5-7 pct range.For the medium term, free cash flow is expected to be in line with net income before energy activities contribution with possible volatility on short periods.  Full Article

Alstom to provide Casablanca with 50 Citadis trams worth 100 million euros
Tuesday, 13 Oct 2015 09:03am EDT 

Alstom SA:To provide 50 Citadis trams for a new section of city tramway line expected to open in late 2018.Contract awarded by Casa transport, the public company in charge of Casablanca's public transport.Contract is worth 100 million euros.  Full Article

Alstom to equip Sweden with a new traffic management system
Wednesday, 30 Sep 2015 08:34am EDT 

Alstom SA:Has been awarded by Trafikverket, the Swedish transport administration, a contract worth 66 million euros to implement the Iconis control centre solution.  Full Article

Alstom awarded 300 mln euro contract for Panama metro
Thursday, 24 Sep 2015 10:00am EDT 

Alstom SA:Awarded contract by Consórcio Línea 2 to supply an integrated system to equip metro line 2 of Panama.Contract awarded to Alstom-led consortium also including CIM, Sofratesa, Thales and TSO.Alstom's share of the contract amounts to around 300 million euros.New line will be 21 km long, include 16 stations and is expected to start in 2019.  Full Article

Alstom wins 113 mln euro deal for train control system in Canada
Wednesday, 9 Sep 2015 08:00pm EDT 

Alstom SA:Wins from Metrolinx, an Ontario government public transit agency, a contract worth 113 million euros ($126.50 million) to provide a new computer-based integrated train control system for the Greater Toronto and Hamilton Area.The commissioning is scheduled for the end of 2018.  Full Article

Alstom wins 300 mln euro contract fort HVDC VSC converter stations
Wednesday, 2 Sep 2015 08:00pm EDT 

Alstom SA:To build two HVDC VSC converter stations for the France-Italy transmission link.Contract worth over 300 million euros ($338.52 million) awarded by TERNA Rete Italia, a company fully owned by TERNA , the Italian electricity transmission system operator, and Réseau de Transport d'Électricité (RTE), its French counterpart.  Full Article


Alstom quarterly sales up 9 percent but orders drop

PARIS French railway locomotive maker Alstom on Wednesday reported a 9 percent increase in quarterly sales and reaffirmed its revenue and margin growth targets for the years up to 2020.