French train maker Alstom on Wednesday posted an 8% rise in third-quarter sales, helped by strong orders in Europe.
The COVID-19 pandemic and the war in Ukraine have hiked input costs and worsened supply-chain problems for train manufacturers, but a ramp-up in orders has nonetheless fuelled Alstom's sales growth.
"The market environment remains positive with customers confirming their investment plans in all regions," the company's chairman and chief executive Henri Poupart-Lafarge said in a statement. Revenue in the October-December period, Alstom's fiscal third quarter, amounted to 4.22 billion euros , compared with 3.92 billion in the same period a year earlier.
Quarterly orders increased by 13% to 5.15 billion euros, with majority of them coming from Europe, the company said. In December, the group signed a contract worth nearly 370 million euros to supply 49 additional Coradia Stream high-capacity trains to Renfe in Spain.Reporting by Olivier Sorgho in Gdansk; Editing by Milla Nissi
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