Signalling Business Unit

The orders acquired at 30 June 2011 came to EUR 448.4 million, a significant increase from the same period of the preceding year (EUR 222.5 million at 30 June 2010).

The order backlog at 30 June 2011 came to EUR 2,155.6 million as compared with EUR 1,900.0 million at 30 June 2010 and EUR 2,090.6 million at 31 December 2010.

The main events of the first half of 2011 by geographical area are outlined below.

ITALY

The main order for the period is the one from RFI for the Turin-Padua main line (EUR 193.6 million); the object of the contract is the upgrading of the infrastructure of this section, which is included in Corridor D (Lisbon-Kiev). The supply includes two SCC/M (Centralized Traffic Control Systems/Multistation) traffic operation systems with integrated line diagnostics systems and four ACC/M (Automatic Centre Control/ Multistation) interlocking multi-station equipment which will operate the Turin junction, the Chivasso-Novara line, the Milan junction, the Novara-Rho, the Pioltello-Brescia and the Brescia-Padua lines, ensuring significant benefit for intercity and local train traffic as well as more efficient maintenance services and lower operating costs for the infrastructure.

Other orders acquired relate to the upgrading of the CTC (Centralized Traffic Control Systems) at Fornovo (EUR 1.5 million), the reconfiguration of the SCC in Verona (EUR 1.5 million), the sale of onboard equipment (EUR 1.4 million), the second tranche of the LRU SCMT/STB Repair Contract with Trenitalia (EUR 0.9 million) and the SSB-SCMT Logistic Assistance Contract on 19 Flirt Trains for the years 2010-11-12-13 (some EUR 0.7 million), and a total amount of EUR 2.5 million for sundry maintenance services. In the second quarter orders were also acquired for the Milan-Bologna high-speed line in connection with functional variations at Fidenza (EUR 5.5 million), the SCMT in the Naples-Barra line (EUR 1.7 million) and the relocation of the Central Post of the ACC at Mestre (EUR 0.8 million).

The major ongoing offers also include those for the Brescia-Treviglio railway line through the Saturno Consortium and those for the outsourced operation services for the RFI’s IT network.

REST OF EUROPE

The main order acquired during the period was in Sweden for the Stockholm’s Red Line (EUR 85.0 million), with the objective of fully renewing the present wayside signalling system of the line (41 kms, 36 stations) and the onboard equipment signalling system (30 trains). Other orders acquired in France relate to maintenance contracts with RATP (EUR 18 million), orders for relays and TVM430 onboard components in SNCF (EUR 3.9 million) for PCC Oulins for the Lyon metro (EUR 2.0 million) and for LGV EE (modification Baudrecourt) in the amount of EUR 0.9 million. In the UK the main order is for variations to the Cambrian Line project “stage 2 & 3” (EUR 2.3 million) and in Germany the main project relates to order variations on the POS (EUR 1.4 million).

The main ongoing offers include tenders in Denmark for wayside and onboard equipment, in Spain for the Albacete-Alicante high-speed line, whose award might be delayed until 2012, and in France for the Bretagne-Pais de Loire, LGV SEA and LGV EE Phase 2 high-speed lines.

NORTH AMERICA

The major orders acquired during the period relate to the sale of onboard equipment in Canada for Alstom STM Montreal MPM-10 Rolling Stock (EUR 12 million) and in the US to the sale of components (EUR 9.5 million) and variations of orders on the Red Line of Washington metro (WMATA) in the amount of EUR 4 million and EUR 2.2 million on minor projects.

Still in the US, some interesting opportunities came up during the second half of the year in the metro segment, the most important of which are those for New York City, Metro North Railroad and Dulles phase 2.

NORTH AFRICA AND THE MIDDLE EAST

No orders were acquired in this geographical area, but ongoing projects are numerous. In North Africa, projects are under way in Morocco for an interlocking system for the Tangiers-Casablanca traditional railway line and various opportunities in the high-speed line segment in the second half of the year.

ASIA PACIFIC AND SOUTH AFRICA

The major orders acquired in the period include, in Australia, those for the AANCSA Alliance in New South Wales (NSW) equal to EUR 17 million, as well as EUR 4.1 million for various orders in West Australia, EUR 1.6 million from the other NSW Alliances, EUR 1.7 million from non-Alliance customers in NSW, and EUR 1.3 million resulting from the sale of components, while in Malaysia the main order was placed for the North Extension Double Tracking Ipoh to Padang Besar – Predire (EUR 4 million).

Offers in Australia relate to some projects in the goods transport segment and in Malaysia activities related to the enlargement of the Monorail line fleet in Kuala Lumpur.

In India the major opportunities came from the metro segment, with the Delhi, Jaipur and Calcutta metros, and TPWS projects and other variations of orders on ongoing projects in the traditional railway segment.

Finally, in China opportunities came up in the high-speed railway segment, including the ATP onboard equipment and the metro segment with numerous projects being under way.