Alten

ATE

Equity

ISIN FR0000071946 / Valor 991814

Euronext - Euronext Paris (2024-11-21)

EUR 77.70+1.37%

Alten
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About company

Alten is a leading global engineering and technology consulting company that provides innovative solutions to a wide range of industries. The company focuses on delivering high-quality services to its clients by leveraging its expertise in engineering, IT, and digital transformation. With a strong commitment to excellence and innovation, Alten has established itself as a trusted partner for businesses looking to enhance their technological capabilities and drive growth. In line with its expansion plans, the company has announced the recruitment of 4,500 new employees in France by 2024 to support its continued success in the market.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Alten's revenue for the first quarter of 2024 increased by 3.1%, with a notable 6.0% growth in France and a modest 1.6% growth overseas. On a like-for-like basis and at constant exchange rates, the revenue growth was 0.8%, reflecting a slowdown compared to previous periods.

Sector Performance

The Defence & Security, Civil Aeronautics, Automotive, and Railways sectors continued to show satisfactory growth during the first quarter of 2024. However, the overall performance was impacted by fewer working days compared to the same period in 2023.

Geographical Trends

In the first quarter of 2024, Alten experienced satisfactory organic growth in France, Southern Europe, and Asia. Conversely, Northern Europe, Eastern Europe, and North America recorded negative growth, contributing to the overall slowdown in activity.

Acquisition Activity

During the first quarter of 2024, Alten made one acquisition overseas in Asia, specifically in Vietnam and Japan. The acquired company specializes in software development and has an annual revenue of €20 million with 950 consultants.

2024 Outlook

Alten anticipates that the first half of 2024 will continue to reflect the slowdown observed since mid-2023. However, an improvement is expected starting from September/October 2024. Despite the challenging macroeconomic environment, particularly in Europe, Alten's organic growth is projected to remain satisfactory at around 3% for the year 2024.

Summarized from source with an LLMView Source

Key figures

-37.2%1Y

-48.8%3Y

-22.3%5Y

Performance

29.5%1Y

30.8%3Y

33.4%5Y

Volatility