PARIS — Alstom’s full-year profit surged after the French railway-equipment maker got a boost from an Indian order for electric locomotives that pushed its pipeline of contracts to a record.Adjusted earnings before interest and taxes (ebit) increased 23% to €366m ($417m) in the fiscal year to March, the company said on Wednesday in a statement. Sales on a comparable basis climbed 7% to €6.88bn, beating a reiterated target for annual growth of 5% until 2020 and an analyst estimate of €6.71bn compiled by Bloomberg.Alstom sold most of its energy assets to General Electric last year and completed a share buyback of about €3.2bn with some of the proceeds. The company, based in Saint-Ouen, France, has reduced its net debt to €200m at the end of March compared with €3.1bn the previous year, and plans to concentrate on emerging markets."Our first priority is the implementation of our organic strategy. Our second priority is to continue to make small and medium acquisitions to accelerate thi...
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