Form 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of February 2004
Commission File Number: 1-14836
ALSTOM
(Translation of registrant's name into English)
25, avenue Kléber, 75116 Paris, France
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(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes No X
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes No X
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Indicate by check mark whether the Registrant, by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b)
Enclosures:
Press release dated February 9, 2004, "French Railways Award ALSTOM
Two Contracts Worth 207 Million Euros"
Press release dated February 11, 2004, "French National Railway Orders
400 Diesel Locomotives Worth 836 Million Euros from ALSTOM-Led
Consortium"
Press release dated February 16, 2004, "ALSTOM Wins €100 Million
Environmental Control Systems Order in US"
Press release dated February 18, 2004
ALSTOM's Consolidated Cash Quarterly Statement as of 31 December 2003,
as filed with the Commission des Opérations de Bourse
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ALSTOM
Date: February 20, 2004 By: /s/ Philippe Jaffré
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Name: Philippe Jaffré
Title: Chief Financial Officer
9 February 2004
FRENCH RAILWAYS AWARD ALSTOM TWO CONTRACTS WORTH
207 MILLION EUROS
SNCF (Société Nationale des Chemins de Fer), France's national railway, has
awarded ALSTOM two orders worth a total of 207 million euros.
Locomotives for passenger service in the Paris region
In a contract worth 170 million euros, ALSTOM will supply SNCF with 60 electric
locomotives. They are scheduled to begin passenger service in the Ile de France
region around Paris in the spring of 2006.
From ALSTOM's PRIMA family and similar to the 210 freight locomotives that
ALSTOM is currently delivering to the SNCF, the locomotives have been adapted
for the requirements of passenger service in Ile de France.
ALSTOM will assemble the locomotives at its site in Belfort, France, with
components coming from ALSTOM sites in Tarbes, Villeurbanne, Le Creusot and
Ornans.
Renovation of regional trains
The second order is for the renovation of regional trains, in a contract worth
48 million euros awarded to an ALSTOM-led consortium. ALSTOM's share of the
contract is 37 million euros.
The renovation includes the installation of air-conditioning in the trains,
which are called Z2 by SNCF, and a new design of the interior and passenger
amenities. ALSTOM will lead the project and supply the major equipment.
ALSTOM's consortium partner, Cannes La Bocca Industries (CLBI), will carry out
the renovation work for 20 trains in its facilities.
ALSTOM will also supply SNCF with equipment for the renovation of 51 trains that
the SNCF will carry out in its own workshops.
Delivery of the renovated trains and of the equipment for the renovation to be
carried out by SNCF is scheduled to be complete by March 2008.
"As a long-standing partner of SNCF, ALSTOM shares its commitment to continuous
improvement of service for its passengers," said Philippe Mellier, president of
ALSTOM Transport. "The new PRIMA locomotives will join an Ile de France fleet
that already includes nearly 400 double-deck passenger trains in service that
ALSTOM has delivered. For the renovation project, ALSTOM will put into place an
industrial plan that has proved successful in a program for renovation of other
French regional trains."
Press Relations : S. Gagneraud / G. Tourvieille
Tel. 01 47 55 25 87 internet.press@chq.alstom.com
Investor Relations : E. Chatelain
Tel. 01 47 55 25 78
investor.relations@chq.alstom.com
11 February 2004
FRENCH NATIONAL RAILWAY ORDERS 400 DIESEL LOCOMOTIVE
WORTH 836 MILLION EUROS FROM ALSTOM-LED CONSORTIUM
The French national railway company, SNCF (Société Nationale des Chemins de
Fer), has awarded ALSTOM and Siemens a contract worth €836 million for the
supply of 400 diesel locomotives. ALSTOM's share of the order is €489 million.
The contract includes an option for an additional 100 locomotives. If the option
is exercised, the total value for the 500 locomotives would exceed €1 billion.
ALSTOM and Siemens will execute this contract in consortium, with ALSTOM as
leader.
The order is part of an SNCF program for the renewal of its freight fleet.
Delivery is scheduled to begin in mid-2006, with service beginning the same year
on the French and German networks.
ALSTOM will assemble the locomotives at its site in Belfort, France. ALSTOM will
supply the mechanical equipment for the locomotives and Siemens will supply the
electrical equipment and part of the chassis.
"This very significant order will serve to enhance ALSTOM's expertise and
capacity for locomotive production in France," said Philippe Mellier, President
of ALSTOM Transport. "We are honored to lead another significant rolling-stock
project for SNCF. We trust that these locomotives will play a major part in the
renaissance of freight by rail in France and throughout Europe."
Press relations: S. Gagneraud / G. Tourvieille
(Tél. +33 1 47 55 25 87)
internet.press@chq.alstom.com
Investor relations: E. Chatelain
(Tél. +33 1 47 55 25 33)
Investor.relations@chq.alstom.com
16 February 2004
ALSTOM WINS A €100 MILLION
ENVIRONMENTAL CONTROL SYSTEMS ORDER IN US
ALSTOM, in consortium with Stone & Webster Inc., has entered into an alliance
agreement with Duke Power to progressively retrofit four power stations with
Flue Gas Desulphurisation (FGD) Systems to control sulphur dioxide emissions.
This total programme is valued at around €1 billion.
Under the terms of the alliance agreement, Duke Power has now awarded the
Consortium a firm contract, valued at over €280 million, to retrofit the first
of these four power stations; Marshall Steam Station in North Carolina. ALSTOM's
share of the contract is valued at over €100 million. ALSTOM will design,
engineer and procure the process island (scrubber) - the technology used to
remove sulphur dioxide from power plant emissions - and Stone & Webster will
perform balance-of-plant design, engineering and procurement, as well as
construction services for the scrubber installations. Work will commence on the
Marshall Steam Station in February 2004 and is scheduled for completion in 2007.
The alliance agreement envisages retrofit by the Consortium of a total of twelve
units (6,600 MW) at four power stations which are owned by Duke Power, a Duke
Energy company. The other stations targeted for retrofitting under this FGD
Retrofit Program are the Belews Creek, Allen and Cliffside stations in North
Carolina.
ALSTOM and Stone & Webster formed the consortium in December 2002 to execute the
Phase I and Phase II engineering and planning for Duke Power's FGD Retrofit
Program. Services already performed included investigative studies to define
Duke Power's air emissions as well as development of the optimal plant design
for the power stations to be retrofitted.
"This contract confirms our leading position in the growing market of
environmental controls" says Philippe Joubert, President of ALSTOM's Power
Environment Sector.
Press relations: G. Tourvieille/S. Gagneraud
(Tel. +33 1 47 55 23 15)
Investor relations: E. Chatelain
(Tel. +33 1 47 55 25 33)
18 February 2004
PRESS RELEASE
Following an analyst report published this morning, Patrick Kron, Chairman and
CEO of ALSTOM commented :
" We are aware of the allegations regarding ALSTOM's pricing policy made by a
competitor, that we obviously deny.
Two specific contracts have been mentioned in this report:
-A Chilean rail contract ; ALSTOM has had several successes in Chile in recent
years, based on a technically superior offer and in particular, low cost
Brazilian manufacturing. The offers submitted by this competitor were, we
believe, based on European manufacturing, which most observers would recognise
as more costly. Our net margin on these projects is clearly positive and in line
with ALSTOM Transport's profitability objectives.
-The order announced recently for heavy-duty gas turbines in Spain; this was won
in the face of intense pressure by international competitors and the company has
made no secret of the fact that it was priced aggressively. This allegation is
part of a wide ranging campaign attempting to prevent ALSTOM from reintroducing
its GT26 in the market, as illustrated by competitors' predatory pricing on
projects targeted by ALSTOM.
Such surprising comments made by a competitor highlight the current successful
commercial recovery of ALSTOM, due to the quality of our products and the
increasing confidence of our customers."
Press relations: G. Tourvieille/S. Gagneraud
(Tel. +33 1 47 55 23 15)
Investor relations: E. Chatelain
(Tel. +33 1 47 55 25 33)
ALSTOM consolidated cash quarterly statement as of 31 December 2003
At 30 At 31
At 30 June September December
(in euros million) 2003 2003 2003
Current assets ( Maturity‹ 1 year)
Loans / Deposits 66 96 110
Inventories and contracts in
progress, net 4 231 3 744 3 750
Trade receivables, net 4 633 4 686 4 313
Other accounts receivables, net 2 533 2 602 2 500
0 0 0
. Short term investments 88 69 74
. Cash and cash equivalents 1 232 1 671 1 235
Total 12 783 12 868 11 982
Current liabilities ( Maturity‹ 1
year)
Bonds 550 550 550
Other borrowings and financial debts 3 319 2 416 945
Commercial paper 95 720 320
Customers' deposits and advances 3 213 3 085 3 023
Trade payables 4 184 4 132 3 806
Accrued contract costs and other
payables 4 453 4 956 4 618
Total 15 814 15 859 13 262
Short term cash position -3 031 -2 991 -1 280
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