The annual profit of Alstom rose by 10%.

Keywords: annual results, 2009-2010, profit, FRANCE, Alstom.

In 2009-2010, the group recorded a net profit of 1.217 billion euros, better than expected. But Alstom provides for a decrease in operating margin for the next two years. The stock market appreciates.

Analysts do not expect it as part of Alstom. In fiscal 2009-2010, ending March 31, group transport and energy infrastructure has posted a net profit of 1.217 billion euros, up 10% over the previous financial year . This result exceeds expectations, as operating income, which jumped 16% over a year, standing at 1.78 billion euros.
Alstom will submit to a vote of shareholders in general meeting June 22 next, the proposal to pay under the current year dividend up 11% over one year, or 1.21 euro per share.
No wonder the stock market operators receive these results with enthusiasm in Paris, Alstom is leading the best performance of the CAC 40 up 2.55% in early trade to 45.41 eruos when ACC gleaning 0.11%, to 3832 points.
The group's annual sales are in line with market expectations. Alstom in fact achieved a turnover of 19.65 billion euros, an improvement of 5% a year. New orders received by the group were fewer in 2009-2010 than in the previous year. The new orders placed for a total of 14.9 billion euros, were reduced from 39% in one year. Backlog Total group has slightly melted (-7%), but it nevertheless represents 42.6 billion euros, or 26 months of sales.

The operating margin will decline:
These figures should satisfy investors. However, the announcement of an expected drop in operating margin is a flat. In a press published on Tuesday, Alstom said in effect that this margin should be between 7 and 8% over the next two years, against 9.1% in 2009-2010 and 8.2% in 2008-2009.
Alstom also stresses that "Alstom operational priorities are focused on enhancing its competitive advantages in order to obtain orders profitable adapt its capabilities and maintain its flexibility. The group's efforts also focus on quality, project delivery and strict cost control. "
Alstom finally indicates an intention to make targeted acquisitions.