Alstom SA (ALSMY) CEO Henri Poupart-Lafarge on Q2 2019 Results – Earnings Call Transcript

Alstom SA (OTCPK:ALSMY) Q2 2019 Earnings Conference Call November 6, 2019 3:00 AM ET

Company Participants

Henri Poupart-Lafarge – Chairman & Chief Executive Officer

Laurent Martinez – Chief Financial Officer

Conference Call Participants

Gael de-Bray – Deutsche Bank

Alexander Virgo – Bank of America

Akash Gupta – JPMorgan

Daniela Costa – Goldman Sachs

Jonathan Mounsey – BNP Paribas

James Moore – Redburn

Ji Cheong – Citi

Alfred Glaser – ODDO

Katie Self – Morgan Stanley

Henri Poupart-Lafarge

Hello. Good morning everybody. Welcome to our Web Management Conference Call on the Half Year Results for 2019/2020. Good morning everybody. Well, I will go through the overview and then Laurent classically will detail the financial results.

As you can see, we have slightly changed the format, the colors of our — the branding of our slides in order to adapt our branding to our new plan Alstom in Motion and I hope that you will appreciate it.

In terms of highlights of this first half, a few points. The first one is that we have a positive commercial momentum. I would say both reflected in our order intake at €4.6 billion, but also reflected in the global market situation. I will come back to that, but we have a very good development, particularly in Europe.

Past orders have translated into sales growth of 3% or 2% on an organic basis. Of course, as you know and we said it in the past, this is actually more important growth, particularly in Europe and in the rolling stock activities or in Signalling activities, which is more than compensating a decrease in our system activity or in the Middle East which is the main region for systems activities. And as you know we are now ramping down both Dubai and Riyadh, but I will come

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