FORM 6-K
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of August 2004
Commission File Number: 1-14836
ALSTOM
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(Translation of registrant's name into English)
25, avenue Kléber, 75116 Paris, France
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(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes No X
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes No X
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Indicate by check mark whether the Registrant, by furnishing the information
contained in this Form, is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the Registrant in
connection with Rule 12g3-2(b)
Enclosures:
Press release dated August 3, 2004, "ALSTOM to Supply Citadis Vehicles
for Madrid's Future Light Rail Network"
ALSTOM consolidated cash quarterly statement as of 30 June 2004
Press release dated August 5, 2004, "Filing of ALSTOM's Quarterly Cash
Position"
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ALSTOM
Date: August 5, 2004 By: /s/ Philippe Jaffré
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Name: Philippe Jaffré
Title: Chief Financial Officer
3 August 2004
ALSTOM to Supply CITADIS Vehicles
for Madrid's Future Light Rail Network
Mintra (Madrid, Infraestructuras del Transporte), the public company responsible
for transport infrastructure in the Spanish capital, has chosen ALSTOM to build
70 CITADIS vehicles for the city's new light rail network. The contract, worth
144.6 million euros, is expected to be finalised in September.
The order comes as Madrid expands its public transport network to municipalities
in the north and west, building 31 kilometres of light rail lines. The CITADIS
vehicles will offer service on this network, which is planned to open in 2007.
ALSTOM will build the vehicles at its facilities in Spain; delivery is planned
to start in 2006 and be complete by June 2007.
Antonio Oporto, President of ALSTOM Spain, said that the new order "shows
ALSTOM's leadership in this market and its commitment to infrastructure
development in the region of Madrid."
Including this new order from Madrid, CITADIS has been chosen by 20 cities
around the world, which represents more than 700 vehicles. More than 300 CITADIS
are in service and have carried 500 million passengers over more than 35 million
kilometres.
Press relations: S. Gagneraud
Tel : +33 1 47 55 25 87
Internet.press@chq.alstom.com
Investor Relations: E. Châtelain
Tel : +33 1 47 55 25 33
Investor.relations@chq.alstom.com
ALSTOM consolidated cash quarterly statement as of 30 June 2004
In Million euros At 31 December 2003 At 31 March 2004 At 30 June
2004
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Current assets ( Maturity‹1 year)
Loans / Deposits 110 282 224
Inventories and contracts in progress, net 3 750 2 887 3 055
Trade receivables, net 4 313 3 462 3 873
Other accounts receivables, net 2 500 2 022 2 100
Short term investments 74 35 65
Cash and cash equivalents 1 235 1 427 843
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Total 11 982 10 115 10 160
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Current liabilities ( Maturity‹1 year)
Bonds 550 0 0
Other borrowings and financial debts 945 543 445
Commercial paper 320 0 103
Customers' deposits and advances 3 023 2 714 2 975
Trade payables 3 806 3 130 2 720
Accrued contract costs and other payables 4 618 3 898 4 067
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Total 13 262 10 285 10 310
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Short term cash position -1 280 -170 -150
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5 August 2004
FILING OF ALSTOM'S QUARTERLY CASH POSITION
Today ALSTOM filed its short term cash position at 30 June 2004 with the AMF and
the SEC, in accordance with the legal obligations (see appendix below). The
quarterly evolution of free cash flow for the Group cannot be calculated from
the quarterly evolution of short term cash. ALSTOM confirms that its free cash
flow should be approximately €(400) million for the full year 2004/05.
Press relations: S. Gagneraud/G. Tourvieille
Tel : +33 1 47 55 25 87
Internet.press@chq.alstom.com
Investor Relations: E. Châtelain
Tel : +33 1 47 55 25 33
Investor.relations@chq.alstom.com
ALSTOM quarterly cash position (In € Million)
At 30 At 31 At 31 At 30
September December March June
2003 2003 2004 2004
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Current assets (Maturity‹1year)
Loans/Deposits 96 110 282 224
Inventories and contracts in progress, net 3 744 3 750 2 887 3 055
Trade receivables, net 4 686 4 313 3 462 3 873
Other accounts receivables, net 2 602 2 500 2 022 2 100
Short term investments 69 74 35 65
Cash and cash equivalents 1 671 1 235 1 427 843
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Total 12 868 11 982 10 115 10 160
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Current liabilities (Maturity‹1 year)
Bonds 550 550 0 0
Other borrowings and financial debts 2 416 945 543 445
Commercial paper 720 320 0 103
Customers' deposits and advances 3 085 3 023 2 714 2 975
Trade payables 4 132 3 806 3 130 2 720
Accrued contract costs and other payables 4 956 4 618 3 898 4 067
-------------------------------------------------- ------------ ----------- ---------- --------
Total 15 859 13 262 10 285 10 310
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Short term cash position -2 991 -1 280 -170 -150
Safe Harbour Statement: US Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements, within the meaning of
Section 27A of the Securities Act and Section 21E of the United States
Securities Exchange Act of 1934, as amended. Examples of such forward-looking
statements include, but are not limited to, (i) projections or expectations of
sales, income, operating margins, dividends, provisions, cash flow, debt or
other financial items or ratios; (ii) statements of plans, objectives or goals
of our company or our management; (iii) statements of future product or economic
performance; and (iv) statements of assumptions underlying such statements.
Words such as "believes," "anticipates," "expects," "intends," "aims," "plans"
and "will" and similar expressions are intended to identify forward-looking
statements but are not the exclusive means of identifying such statements.
By their very nature, forward-looking statements involve risks and uncertainties
that the forecasts, projections and other forward-looking statements will not be
achieved. Such statements are based on our current plans and expectations and
are subject to a number of important factors that could cause actual results to
differ materially from the plans, objectives and expectations expressed in such
forward-looking statements. These factors include the factors listed below as
well as those described under "Risk Factors": (a) the inherent difficulty of
forecasting future market conditions, level of infrastructure spending, GDP
growth generally, interest rates and exchange rates; (b) the effects of, and
changes in, laws, regulations, governmental policy, taxation or accounting
standards or practices; (c) the effects of currency exchange rate movements on
the pricing and competitiveness of our products, and on the cost of raw
materials; (d) the effects of competition in the product markets and geographic
areas in which we operate; (e) our ability to increase market share, control
costs and enhance cash generation while maintaining high quality products and
services; (f) the timely development of new products and services; (g) the
ability to renegotiate our Bonding Facility in order to obtain bid, performance
and other bonds in amounts that are sufficient to meet the needs of our
businesses; (h) the timing of and ability to meet the cash generation and other
initiatives of the action plan and the financing plans, including the ability to
dispose of certain real estate and other assets on favourable terms or in a
timely fashion; (i) the results of investigations by the United States
Securities and Exchange Commission ("SEC") and the Autorité des Marchés
Financiers ("AMF"); (j) the outcome of the putative class action lawsuits filed
against us and certain of our current and former officers; (k) the availability
of external sources of financing on commercially reasonable terms; (l) the
inherent technical complexity of many of our products and technologies and our
ability to resolve effectively, on time, and at reasonable cost technical
problems, infrastructure constraints or regulatory issues that inevitably arise,
including in particular the problems encountered with the GT24/GT26 gas turbines
and the UK trains; (m) risks inherent in large contracts and/or significant
fixed price contracts that comprise a substantial portion of our business; (n)
the inherent difficulty in estimating future charter or sale prices of any
cruise ship in any appraisal of our exposure in respect of Renaissance Cruises
and ships that have been seized from Festival; (o) the inherent difficulty in
estimating our vendor financing risks and other credit risks, which may notably
be affected by customers' payment default; (p) our ability to invest
successfully in, and compete at the leading edge of, technology developments
across all of our sectors; (q) the availability of adequate cash flow from
operations or other sources of liquidity to achieve management's objectives or
goals, including our goal of reducing indebtedness; (r) whether certain of our
markets, particularly the Power Sectors, recover from their currently depressed
state; (s) the possible impact on customer confidence of our financial
difficulties, and if so, our ability to re-establish this confidence; (t) the
effects of disposals generally, according to which we are generally subject to
pricing adjustments and warranties, and payments due to us can be delayed,
reducing the net proceeds that we receive or requiring us to pay indemnities to
the acquirer; (u) the unusual level of uncertainty at this time regarding the
world economy in general; and (v) our success in adjusting to and managing the
foregoing risks.
We caution you that this list of important factors is not exhaustive; when
relying on forward-looking statements to make decisions with respect to us, you
should carefully consider the foregoing factors and other uncertainties and
events, as well as other factors described in other documents we file with or
submit to, from time to time, the SEC, including reports submitted on Form 6-K.
Such forward-looking statements speak only as of the date on which they are
made, and we undertake no obligation to update or revise any of them, whether as
a result of new information, future events or otherwise.