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(Reuters) -French practice maker Alstom (EPA:) on Wednesday posted an 8% rise in third-quarter gross sales, helped by robust orders in Europe.
The COVID-19 pandemic and the conflict in Ukraine have hiked enter prices and worsened supply-chain issues for practice producers, however a ramp-up in orders has nonetheless fuelled Alstom’s gross sales development.
“The market atmosphere stays constructive with clients confirming their funding plans in all areas,” the corporate’s chairman and chief government Henri Poupart-Lafarge stated in a press release.
Income within the October-December interval, Alstom’s fiscal third quarter, amounted to 4.22 billion euros ($4.60 billion), in contrast with 3.92 billion in the identical interval a yr earlier.
Quarterly orders elevated by 13% to five.15 billion euros, with majority of them coming from Europe, the corporate stated.
In December, the group signed a contract price almost 370 million euros to provide 49 further Coradia Stream high-capacity trains to Renfe in Spain.
Alstom additionally confirmed its full-year outlook and mid-term aims to fiscal 2024/2025.
($1 = 0.9172 euros)
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