Alstom Value Stock - Dividend - Research Selection
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Description of the company
We serve the energy market through our activities in power generation and the transport market through our activities in rail transport and marine. We design, supply and service a complete range of technologically advanced products and systems for our customers and possess a unique expertise in systems integration and through-life maintenance and service.
In fiscal year 2004, we had sales of €16.7 billion. At 31 March 2004, we employed approximately 76,800 people in around 70 countries.
Our management organisation is based on Sectors, each of which has a global responsibility in their respective domains. A President, who reports to our Chairman and Chief Executive Officer, manages each of the Sectors and constituent Businesses within the Sectors.
To implement a more balanced structure and to reduce organisational layers, the five Segments of the former Power Sector were regrouped into three Sectors on 1 April 2003:
• Power Turbo-Systems (the former Gas Turbine and Steam Power Plant Segments);
• Power Environment (the former Boilers & Environment and Hydro Power Segments); and
• Power Service (the former Customer Service Segment).
As a result of this regrouping, we are currently organised in five Sectors and one Business:
• Power Turbo-Systems Sector
• Power Environment Sector
• Power Service Sector
• Transport Sector
• Marine Sector
• Power Conversion Business
From February 2004, coordination of the three Power Sectors was reinforced by the appointment of a single Sector President for Power Turbo-Systems and Power Environment whose mission is to improve commercial efficiency by ensuring a clearer organisational interface with customers. In May 2004, the former Businesses of Power Turbo-Systems and Power Environment Sectors were reorganised. For more details, see “—Power Sectors” in this section.