Alstom offered no new information on the proposed GE acquisition when it unveiled net profits of €556m ($774m) for the 2013/14 financial year to March, 28% lower than the previous 12 months and affected by various factors such as restructuring charges and write-downs.

Operating profits fell 3% to €1.42bn.

Orders were 10% lower at €21.5bn and sales were flat at €20.3bn.

The group said “challenging macro-economic conditions” had weighed on its commercial performance, with a large number of major infrastructure projects postponed, especially in thermal power.

Alstom