OREANDA-NEWS. Over the first quarter 2015/16 (from 1 April to 30 June 2015), Alstom booked €2.0 billion of orders, compared to €4.8 billion over the same period last year which included the €4 billion PRASA contract in South Africa. The Group's sales, at €1.6 billion, were up 3% organically over the first quarter 2015/16.

At €28.7 billion on 30 June 2015, the backlog represented over 4 years of sales.

The first quarter 2015/16 showed a sound level of Transport orders, fuelled by small to mid-sized contracts. Sales grew by 3% organically versus the first quarter 2014/15 which was itself up 16% versus the previous year. The project with General Electric is moving ahead; the process for competition and regulatory authorisations is ongoing and we are actively working to complete it. After closing, we plan to call a Shareholders’ Meeting to vote on the amount of cash proceeds to be distributed to shareholders”, said Patrick Kron, Alstom’s Chairman & Chief Executive Officer.