English Français CORPORATE FINANCE SYSTEMS GLOBAL PRESENCE REFERENCES NEWS HUMAN RESOURCES CONTACT FAIVELEY TRANSPORT TOURS - SALES ON MARCH 31RST 2012:147 M€. EMPLOYEES ON MARCH 31RST 2012: 656 HOME › CORPORATE › MESSAGE FROM CHAIRMAN A RECORD SALES YEAR With €988 million in sales, 2012/13 was a record year for Faiveley Transport in terms of revenue. What is your assessment of the 2012/13 financial year? With €988 million in sales, 2012/13 was a record year for Faiveley Transport in terms of revenue. Overall, Original Equipment and Services grew by nearly 10%. This positive momentum is a direct result of the strategy we have been implementing over the last four years. This strategy entails the Group’s business activity focusing on four key countries: the US, Russia, Germany and China. How does Faiveley Transport stand in these regions? Over the last three years, our presence in the North American market has increased by 43%. The integration of Graham-White and the continuing success with Amsted Rail are the reasons for this achievement. We also strengthened our positions in Russia in the locomotive and metro segments. The Chinese market seems to be confirming its recovery… Indeed. After freezing its investments for two years, the Chinese Ministry of Transport has launched new platforms in the high speed and locomotive segment. Faiveley Transport will supply some braking systems, which is a major step forward. Other opportunities are taking shape in the short-term and the metro segment remains particularly promising. You have announced significant growth in Services. How do you explain this success? For a number of years, the Group has been implementing a proactive policy aimed at developing engineering services on existing trains. Recently, this has helped us win numerous contracts, including for example the retrofit of doors on the Eurostar fleet. At the same time, the growth of our installed base automatically increases opportunities. Lastly, the economic climate is good for Services: certain operators are starting to outsource operations historically kept in-house, thus widening the market. Overall, the Services activity reported remarkable growth of 22% this year. This figure obviously includes the contribution of Graham-White, recently acquired in the US. Recently, you have been awarded a significant number of new platforms, including your largest ever order. How is the implementation of these programmes proceeding? We are in the midst of a particularly active engineering phase and the validation of our products is a resource-intensive process. Our priority is to deliver our systems on time and with the level of quality our customers expect. This doesn’t happen overnight, and is the reason why, while constantly improving our responsiveness, we carry out background work to optimise the organisation of projects and improve our processes and level of quality. How do you achieve this in practice? We have recently reformed our processes to include the best industrial practices in a new version of our Faiveley Management System (FMS). FMS is the cornerstone of our performance, which leads to improved profitability. FMS processes provide the basis for our ERP[1], which is currently being rolled out worldwide. Finally, we particularly focused this year on improving our Quality organisation and its supporting tools, by putting the emphasis on responsiveness and on reducing faults detected at the delivery and operational stages. Background work is fundamental in the rail industry, where there is very little time to validate systems that are specifically designed for each platform. What developments do you expect in the rail industry? The outlook remains promising and UNIFE(2) is forecasting growth of between 2 and 3% over the next five years. Our goal is to meet demand whilst winning market share. We will focus our efforts on the following five areas: - Continuing our policy of supplying innovative, comprehensive and high technological -added value systems in our three core activities: Energy & Comfort, Access & Information, Brakes & Safety; - Continuing to develop Services over and above market growth; - Strengthening our presence in key markets, particularly in China, Russia, the US and Germany, as well as consolidating our positions in our mature markets and harnessing the opportunities offered by certain emerging markets; - Continuing a policy of acquisitions in strict accordance with our strategic, product and geographical priorities, while increasing our production capacity in low cost countries; - Winning market share in the freight segment where we are currently developing our presence. [1] Enterprise Resource Planning. [2] Association of the European Rail Industry FINANCE Download Annual Report (pdf, 1.86 MB) Latest Publications Number of shares and voting rights at 31 July 2014 (French only) Combined shareholders' meeting of 12 September 2014 - Availability of the preparatory documents REFERENCE ► Customer Service Spare Parts Faiveley Transport's forward planning helps the operator to reduce inventory stock and make savings. Read more © Faiveley Transport 2011 Legal notice Contact Sitemap Credit