Jul 30, 2008
Alstom wins contract for 100 million euros
(Reuters) - The ope \ rateur rail deprives \ German BeNEX, a subsidiary of ope \ rateur public Hamburger Hochbahn AG, has ordered a \ Alstom (ALO) 26 trains re \ gionaux type Coradia Continental for an amount Total pre \ s 100 million euros, the group announced in a statement. The order covers 26 motor-powered electric trains, including 21 train cars 3 and 5 trains 4 cars, for the regional network of Regensburg-Donauthalbahn and to be put into service late 2010. All trains will be manufactured in Alstom (ALO) Salzgitter in Germany.
"This contract confirms the success of Coradia Continental. Perfectly adapted to the needs and requirements of operators and users, the range offers Coradia trains regional capability, reliable, available, easy to maintain, accessible and clean, "said Roland Kientz, Director Northern Europe Alstom (ALO) Transport.
(Reuters) MORE
ACTIVITY OF THE COMPANY
Present for a long time in four areas of activity: Energy (power plants, turbines (transmission and distribution of energy), transport (mainly rail) and Marine (cruise ships, ferries), the group Alstom (ALO ) Has radically changed its face in recent years. Alstom (ALO) now seems far from the year 2003, where he came close to bankruptcy, after setbacks on its electric turbines and the bankruptcy of one of its main clients, U.S. cruise Renaissance. The activity T \ & D was sold to Areva end of 2003 and industrial turbines to Siemens (SI) in April 2004. The group is focused around two activities: energy and transport. Alstom (ALO) is present in over 70 countries and employs 65 000 employees.
STRENGTHS AND WEAKNESSES OF THE VALUE
The strong points of the value
-- Alstom (ALO) took leading positions in equipment for power generation and rail transport, these two branches have become the heart of the group's activities. Alstom (ALO) still has strong growth potential in the area of services.
-- One third of group sales are conducted in emerging markets, strong growth.
-- Demand for energy is expected to remain buoyant in the coming years.
-- The value presents a speculative attraction. The markets are concerned about a potential merger to three: Areva-Bouygues-Alstom.
The weak points of the value
- Alstom will have to adapt its business model in connection with the opening of rail competition, now in transporting goods and tomorrow in the carriage of passengers.
- According to some analysts, the upside potential of the title is limited in the short term.
HOW TO FOLLOW THE VALUE
-- The activities of Alstom (ALO) are directly related to population growth, implying a growing urbanization requires more infrastructure still producing energy and rail transport.
-- Orderbooks and pace of new orders are good indicators of perspectives.
THE AREA OF THE VALUE
Capital goods
The profession of electrical equipment french, whose turnover grew by 9% last year (to 11.7 billion euros), already receiving benefits Grenelle of the environment, to develop economies energy and reduce CO2 emissions. This is because the sector accounts for about 40% of its turnover in the building, which itself generates 40% of CO2 emissions. This trend is not confined to France. Outside our borders, where members of Gimélec realize the majority (61%) of their activity, contracts are proliferating. Thus, Sweden, the municipality of Nyköping asked Schneider Electric (SU) rehabilitation of 123 buildings social, to achieve 21% energy savings, or 1 million per year. It is also the demand from emerging countries that pulls the market. If growth in France has exceeded 5%, higher than the 3 or 4% from previous years, the progress achieved between 8% and 12% beyond our borders and depending on the product.
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