In million Euros     Year end: 31/03
 

The Faiveley Group had an excellent start to the financial year with €65.7 million turnover in the first quarter, up by 24% compared to the previous financial year.
The group is continuing its dynamic growth, already seen during the 4th quarter of the 2000/01 financial year (+26%), and has demonstrated that its activities are now moving forward once again on a healthy footing.

The "Rail" and "Plastics" divisions both enjoyed virtually identical growth, +25% for the rail (€50.4 million, equal to 77% of turnover) and +23% for the plastics (€15.3 million, equal to 23% of turnover).

Business activity in the "rail" sector has been sustained in all the group's markets. Europe is benefiting from the renewal of a number of major programmes including TGV Duplex (France), VIRM (double-decker trains for the Dutch railways), and the continuation of the Virgin Cross Country programmes in Great Britain. In China, the group has won new contracts for air-conditioning systems (express trains and the Shanghai urban metro, called Xinmin), with this product range also enjoying notable success in Brazil (with the signature of a new contract for the renovation of the metro system for the town of Recife).

The "Plastics" Division (of which 99% of the turnover is achieved with the French market) has continued its dynamic growth thanks to the recent contracts gained, including among others the L.V.M.H. Group.

On June 30th 2001 the group’s order book reached its highest ever recorded level standing at €381 million, equal to 1.5 times the turnover for the previous financial year.

The Faiveley Group forecasts an increase in profitability during the financial year, with the emphasis being placed on achieving controlled growth
The group should also benefit from better absorption of its fixed costs particularly thanks to the expansion of its product range (electric door systems, air-conditioning systems, pantographs and on-board electronics) to all of its subsidiaries around the world.

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Founded in 1919, the Faiveley Group designs and manufactures high value added rail equipment systems combining traditional electrical engineering technologies with state-of-the-art technology in the electronics and IT fields.
With its 13 subsidiaries, the group is present in Europe (France, Germany, Italy, Spain and Great Britain), in the United States, in Brazil and in Asia (China and Hong Kong), achieving more than two-thirds of its turnover internationally.
In the rail market, Faiveley is the world leader in air conditioning systems, world leader in electronic door systems and joint world leader for platform screen doors and pantographs.
The group has also successfully diversified from 1992 onwards into plastics, a sector in which the company operates a niche strategy focusing on products with a high technological content.
Faiveley employs 1650 people and during the 2000/2001 financial year (ending 31st March) achieved a turnover of €243.4 million, with a net income (group portion) of €8.05 million.