Altran Technologies S.A.

Altran Technologies is a global player in the advanced engineering and innovation consultancy market, operating in more than 20 countries, particularly in Europe, Asia and North America. Co. advises and accompanies clients in creating and developing new products and services, intervening during the strategic planning stages of new technologies and offering products support and services throughout all developmental phases. Co. offers its consulting services as technical backing, project support and end-to-end services, providing deliveries of customized products. Co. operates in two segments: Innovation and Advanced Engineering Consulting and Organization and Information Systems Consulting.
  • TickerALT
  • ISINFR0000034639
  • ExchangeEuronext Paris
  • SectorSoftware & Computer Services
  • CountryFrance

Analysts

Gregory Ramirez

ALTRAN TECHNOLOGIES: FY19 meeting feedback: in good shape before entering Capgemini’s scope | NEUTRAL | EUR17(+16%)

ALTRAN TECHNOLOGIES - NEUTRAL | EUR17(+16%) FY19 meeting feedback: in good shape before entering Capgemini’s scope Rebound is expected in the UK in Q1, and in Germany later on 14.5% margin on a standalone basis in 2022 still looks realistic Deleveraging the balance sheet is in line with plan Altran could enter Capgemini’s scope in May at the latest

Alfred Glaser ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Jean Sassus
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 02/12/2020

...

Matthieu Lavillunière ...
  • Maxime Dubreil
  • Thibault Morel

INVEST SECURITIES - Altran : Une valeur en apesanteur - NEUTRE vs APPORTER, OC 14,1€ vs 14,5€

Alfred Glaser ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 12/02/2020

...

Charles Lepetitpas ...
  • Nicolas David

Altran Technologies : Q4/FY 2019 results not so bad and positive message for 2020

>Q4 2019 sales a shade below expectations, Germany and UK the reason - Altran yesterday reported Q4 2019 sales slightly below expectations at € 844m (consensus: € 856m), reflecting total growth of 3.9% y-o-y. Economic growth reached 3.4%, reflecting a slight slowdown vs Q3 (+4.6%). The latter is linked to Europe (+2.7% economic vs +5.7% in Q3) and, especially, a sudden downturn in northern Europe (-9.6% vs +3.0% in Q3) - that management attributed to the UK due to Bre...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/11/2019 - Fiat Chrystler Automobiles - EN

TP ICAP - Europe - Morning CreditUpdate 04/11/2019 - Fiat Chrystler Automobiles - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 04/11/2019 - Fiat Chrystler Automobiles - Fr

Fiat Chrysler Automobiles (Achat) : Confirme ses objectifs avant la fusion avec PSA ING (Achat) - 9M-19 : PNB de €13,9 mds (+2,1%) Lloyds Banking Group (Vente) - 9M-19 : RN de $2,0mds (-46,9%) Ryanair (Conserver) - S1/19-20 : Résultat opérationnel de €1,3md (-1%) Metro (Vente) : EP Global Commerce (EPGC) prévoit d’augmenter sa participation à ~30% Repsol (Achat) - 9M-19 : Résultat opérationnel de €2,9 mds (-6,5%) IAG (Achat) : Rachète la compagnie espagnole Air Europa pour €1 md Bombardier (Achat) : Cession de ses activités aérost...

Gregory Ramirez

ALTRAN TECHNOLOGIES: FY19 meeting feedback: in good shape before entering Capgemini’s scope | NEUTRAL | EUR17(+16%)

ALTRAN TECHNOLOGIES - NEUTRAL | EUR17(+16%) FY19 meeting feedback: in good shape before entering Capgemini’s scope Rebound is expected in the UK in Q1, and in Germany later on 14.5% margin on a standalone basis in 2022 still looks realistic Deleveraging the balance sheet is in line with plan Altran could enter Capgemini’s scope in May at the latest

Charles Lepetitpas ...
  • Nicolas David

Altran Technologies : Q4/FY 2019 results not so bad and positive message for 2020

>Q4 2019 sales a shade below expectations, Germany and UK the reason - Altran yesterday reported Q4 2019 sales slightly below expectations at € 844m (consensus: € 856m), reflecting total growth of 3.9% y-o-y. Economic growth reached 3.4%, reflecting a slight slowdown vs Q3 (+4.6%). The latter is linked to Europe (+2.7% economic vs +5.7% in Q3) and, especially, a sudden downturn in northern Europe (-9.6% vs +3.0% in Q3) - that management attributed to the UK due to Bre...

Charles Lepetitpas ...
  • Nicolas David

Altran Technologies : Résultats T4/annuels pas si mauvais et message positif sur 2020

>CA T4 légèrement inférieur aux attentes, l’Allemagne et le UK en cause - Altran a publié hier un CA T4 légèrement inférieur aux attentes, à 844 M€ (consensus : 856 M€), en croissance totale de 3.9% y/y. La croissance économique ressort à 3.4%, en léger ralentissement par rapport au T3 (+4.6%). Ce dernier est lié à l’Europe (+2.7% éco vs +5.7% au T3) et en particulier à un retournement soudain en Europe du Nord (-9.6% vs +3.0% au T3) - que le management attribue à un ...

Gregory Ramirez

ALTRAN TECHNOLOGIES: FY19 results in line; positive outlook for 2020 | NEUTRAL | EUR17(+16%)

ALTRAN TECHNOLOGIES - NEUTRAL | EUR17(+16%) FY19 results in line; positive outlook for 2020 FY19 results were in line with expectations Net staff hiring slowed down but remained solid in Q4 Deleveraging remains in line with the “High Road 2022” plan Outlook for 2020 reflects a “normalisation” of the environment

Charles Lepetitpas ...
  • Nicolas David

ODDO : Another busy year for M&A in 2020

2020 should be another very busy year for M&A in the IT & engineering services sector. The major themes will be Indra's disposal of its IT services business and Atos’ renewed interest in acquisitions, particularly in cybersecurity. Against this backdrop, Atos, Indra and Devoteam are our Top Picks. We are downgrading Sopra Steria and Capgemini to Neutral, and Reply and TietoEVRY to Reduce. - >M&A should remain a major theme for the sector in 2020 - 2019 was, once again,...

Altran Technologies: 1 director sold

A director at Altran Technologies sold 86,068 shares at 14.500EUR and the significance rating of the trade was 99/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Alfred Glaser ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Jean Sassus
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 02/12/2020

...

Matthieu Lavillunière ...
  • Maxime Dubreil
  • Thibault Morel

INVEST SECURITIES - Altran : Une valeur en apesanteur - NEUTRE vs APPORTER, OC 14,1€ vs 14,5€

Alfred Glaser ...
  • Aurelien Sivignon
  • Charles Lepetitpas
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Martial Descoutures
  • Nicolas David
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 12/02/2020

...

Alfred Glaser ...
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Jean Sassus
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/28/2020

We have upgraded our recommendation for Edenred to Buy and our target price to € 60.0. The group, now part of the payment services universe, should continue to deliver solid growth in underpenetrated niche markets, with considerable scope to improve its profitability whilst at the same time maintaining significant FCF generation. The current valuation nonetheless remains discounted vs the payment services sector. - ...

Benoit Valleaux ...
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • Jean Sassus
  • Jeremy Garnier
  • Nicolas David
  • Nicolas Thorez
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 01/28/2020

Nexi is a dominant force in the Italian electronic payments market. It should see steady growth on a market where penetration levels are unusually low (85% of transactions are still in cash) and which is very well equipped in POS terminals. The government is also taking a range of measures to reduce the use of cash. Potential positive surprises (not factored into our forecasts) are therefore possible as the penetration of electronic payments gathers pace. The group should continue to ...

ALTRAN TECHNOLOGIES sees an upgrade to Positive due to a better fundamental star rating

The general evaluation of ALTRAN TECHNOLOGIES (FR), a company active in the Business Support Services industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date January 14, 2020, the closing price was EUR 14.04 and its potential was estimated at EUR 16.61.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

MarketLine Department

Bureau Veritas SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Bureau Veritas SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Bureau Veritas SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key...

Frederic Yoboue ...
  • Gregory Ramirez
  • Richard-Maxime Beaudoux
  • Thomas Coudry

TMT: Q2 2018 review and our TMT Top Picks for Q3: Altran Technologies

TMT Q2 2018 review and our TMT Top Picks for Q3: Altran Technologies

Florian Béchaz

Altran Technologies - Assemblée générale des actionnaires du 15 mai 2019

L'exercice 2018 a été marqué par le "profit warning" que la société a communiqué en Juillet 2018, suite à la découverte d'un incident financier dans la société Aricent. Concernant les rémunérations des dirigeants, Proxinvest soutiendra les rémunération 2018, au regard de la très bonne transparence et des montants acceptables. Cependant les politiques de rémunérations 2019 ne présentent pas de plafond pour les rémunérations pluriannuelles. De ce fait les rémunérations peuvent être excessives.

Proxy Report - 27/04/2018

L'exercice social 2017 a été marqué par l'approbation du projet d'acquisition de la société Aricent qui a été finalisée le 20 mars 2018. Avec cette acquisition, la Société entend bénéficier d'une expertise dans les domaines technologiques clés et d'un modèle industrialisé de prestations. Conformément au code Afep-Medef auquel la société se réfère, les rémunérations attribuées en 2017 et attribuables en 2018 de Dominique Cerutti et Cyril Roger sont soumises à l'approbation des actionnaires. Notons sur ce point que les objectifs à atteindre ne sont, cette année encore, pas communiqués par la so...

Etude de l'AG du 26/01/2018

La présente assemblée générale a pour but de soumettre à l'approbation des actionnaires une augmentation de capital portant sur 853% du capital social actuel, mais 30,5%  en terme de capitalisation. En effet, Altran Technologies a réalisé en novembre dernier l'acquisition d'Aricent, une société américaine, pour un montant de 1,7 Mds€. Cette augmentation de capital a pour objet de rembourser une partie du prêt effectué à cette occasion. L'opération se révèle assez onéreuse au regard des résultats comparés des deux sociétés. Toutefois, elle semble justifiée d'un point de vue stratégique et ne s...

Etude de l'AG du 28/04/2017

Conformément au code Afep/Medef auquel la société se réfère, les rémunérations 2016 et 2017 de Dominique Cerutti et Cyril Roger sont soumises à l'approbation des actionnaires. Ces dernières ne respectent pas les préconisations de Proxinvest, compte tenu notamment d'un problème de transparence sur la valorisation de la rémunération actionnariale, qui est mesurée sur une période trop courte pour être considérée comme du long-terme (résolutions 9 à 12). Pour la rémunération 2017, dont le vote est imposé par la loi Sapin 2 cette année, la société n'a pas intégré dans le rapport annuel sa politique...

Jérôme VINERIER

Analyse court terme - ALTRAN TECHNOLOGIES SA : Le rebond gagne en vigueur.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 9,600 € et que les prix baissent à nouveau vers 6,500 €. La tendance de fond serait remise en cause en cas de franchissement de 10,000 €.

Jérôme VINERIER

Short term view - ALTRAN TECHNOLOGIES SA : The bounce is gaining strength.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at €9.600 and prices would fall again toward €6.500. The background trend would be questioned should prices rise above €10.000.

Jérôme VINERIER

Analyse court terme - ALTRAN TECHNOLOGIES SA : Le rebond gagne en vigueur.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 9,60 € et que les prix baissent à nouveau vers 6,50 €. La tendance de fond serait remise en cause en cas de franchissement de 10,00 €.

Jérôme VINERIER

Short term view - ALTRAN TECHNOLOGIES SA : The bounce is gaining strength.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at €9.60 and prices would fall again toward €6.50. The background trend would be questioned should prices rise above €10.00.

Jérôme VINERIER

Analyse moyen terme - ALTRAN TECHNOLOGIES SA : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 7,100 €, puis 5,700 €. Le franchissement de 11,400 € remettrait en cause la suite de la baisse.

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