Business in first-half 2024
- BUSINESS IN FIRST HALF 2024: + 2.9%
- Moderate organic growth: + 0.9%
- 2 acquisitions overseas
BUSINESS AT THE END OF JUNE 2024: + 2.9%
In the second quarter, business growth was stable compared with the first quarter. Trends per geography and vertical remained unchanged. As a result, growth in the 2nd quarter was 2.8% (5.4% in France; 1.6% outside France). On a like-for-like basis, growth was 1%: 5.4% in France and -1.1% outside France.
At the end of June, first-half growth stood at 2.9%: 5.7% in France, 1.6% outside France. On a like-for-like basis, growth was 0.9% (5.7% in France and -1.4% outside France).
The Defence & Security, Civil Aeronautics, Automotive and Rail sectors continue to grow.
France and Southern Europe achieved satisfactory organic growth. Asia and North America are stable. Germany, Northern and Eastern Europe, as well as the United Kingdom posted declines, affecting the Group’s business.
EXTERNAL GROWTH
2 acquisitions overseas
- In Asia (Vietnam/Japan): a company specialising in software development (€20m revenue, 950 consultants)
- In Poland: a company specialising in IT services (€18m revenue, 250 consultants)
Exclusive negotiations to acquire Worldgrid
ALTEN has entered into exclusive negotiations with Atos for the acquisition of Worldgrid, a European leader specialising in Energy and Utilities solutions in France, Germany and Spain, particularly in the Nuclear sector. The transaction, which is subject to the usual regulatory approvals, is expected to be completed by the end of 2024. (2023 revenue: €170m; 1,100 employees)
OUTLOOK FOR 2024
As anticipated, the first half of 2024 was a continuation of the first quarter.
Apart from the USA, where some positive signs are emerging, there are no tangible signs of a foreseeable improvement in the second half.
Given the persistently gloomy macro-economic context, ALTEN now forecasts organic growth of between 1.1% and 1.4% for the year as a whole.
Accordingly, ALTEN expects its activity rate to be slightly lower than last year, as well as the SG&A to revenue coverage ratio. The operating margin on activity will therefore be impacted and should range between 8.7% and 8.9% for the year 2024, with a marked seasonality between the first and second half due to the calendar. (3 working days difference between first and second half).
PUBLICATION OF HALF-YEAR RESULTS 2024
September 19th, 2024 after market closed (conference on Friday September 20, 2024)
About ALTEN
For more information: www.alten.com/investisseurs
Journalists’ details: alten@hopscotch.fr
As a European Leader in Engineering and Technology Consulting (ETC), ALTEN carries out design and research projects for Technical and IT divisions of major clients in industry, telecoms and services.
ALTEN’s stock is listed in compartment A of the Euronext Paris market (ISIN FR000001946); it is part of the SBF 120, the IT CAC 50 index and MIDCAP100, and is eligible for the deferred Settlement Service (SRD).