Report
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
Underlying
Altran Technologies SA

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.

Provider
Bryan Garnier
Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

Analysts
Gregory Ramirez

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