Earnings Release • May 5, 2011
Earnings Release
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Paris, 5 May 2011
Alstom published its results for FY2010/11 on 4 May 2011. On the basis of that information, and given the difference between the end of the financial years of Alstom (31 March) and Bouygues (31 December), Alstom's contribution to Bouygues' net profit in Q1 2011 will amount to €23 million, compared with €115 million in Q1 2010.
For information, in Q4 2010 Alstom's financial contribution to Bouygues' net profit included a net provision of €66 million (Bouygues' share) for the restructuring plan announced by Alstom in October 2010, recorded in Alstom's financial statements for the second half of FY2010/11. The €23-million contribution to first-quarter 2011 net profit will include the reversal of this provision.
On the basis of currently available information, Alstom's financial contribution to Bouygues' net profit in Q2 2011 may be estimated at €71 million, compared with €101 million in Q2 2010.
In accordance with the calculation method used by Bouygues, the financial contribution is assessed from Alstom's last published half-year figures (the second half of FY2010/11) and adjusted for nonrecurring items relating to the restructuring plans booked by Alstom in the same half-year and for Grid acquisition costs.
First-quarter 2011 sales and earnings of the Bouygues group will be published on 16 May 2011 at 5.45pm (CET)
| Press contact: |
|---|
| +33 1 44 20 12 01 — [email protected] |
Investors and analysts contact: +33 1 44 20 12 77 — [email protected]
www.bouygues.com
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