France's Alstom said Thursday that strong demand for its power generating turbines drove a 15% rise in its third quarter revenue and said full-year revenue is expected to grow by more than 10%.
The power and transport engineering firm reported revenue for its fiscal third quarter of 3.42 billion euros ($4.41 billion), up from 2.98 billion euros from the October-December period a year earlier but below the 3.51 billion euros ($4.53 billion) forecast by analysts.
The company, which builds trains, trams and electricity generating plants, said it took 4.68 billion euros ($6.04 billion) in orders during the period, above the 4.5 billion euros ($5.81 billion) expected by analysts.
Alstom, which is 25% owned by French conglomerate Bouygues SA, confirmed its outlook for full-year revenue growth of more than 10% in the year ending in March.
The company in May last year declared its nearly three-year battle back from the brink of bankruptcy over. Its order intake has been partly thanks to demand for new power plants in Bulgaria, France, Australia and Britain.
Alstom suffered an embarrassing loss last fall of a massive rolling stock order by French rail network SNCF to Canada's Bombardier. Bombardier later committed to giving Alstom an expanded role in the contract, expected to be worth up to 4 billion euros ($5.1 billion).