French rail transport infrastructure manufacturer Alstom saw a rise in full-year sales, it reported on Wednesday.
The company reported earnings before interest and taxes (EBIT) before purchase price allocation (PPA) of €356 million ($383 million) for the full year, lower than €366 million in the previous year.
Excluding special items, adjusted EBIT increased 17% to €997 million from €852 million a year ago.
For the full year, Alstom posted a net loss of €309 million, wider than €132 million loss last year.
On an adjusted basis, the company had a profit of €44 million, down from €292 million the prior year. Sales for the year, however, increased 6.7% to €17.619 billion from €16.507 billion in the previous year.
On an organic basis, sales grew 9.4%.
Orders received declined 8.4% to €18.947 billion, while backlog increased 5.2% to €91.9 billion.
Additionally, the company said that as confirmed in January, its deleveraging plan includes issuance of €750 million hybrid bonds, which will be executed by September 2024.
Alstom also said preferential subscription rights amounting to €1 billion will be executed not later than September. Further, its board has decided to not to pay dividend for the year.
For the fiscal year 2024-25, the company expects organic sales growth of about 5%.