Alten - Lower margins after post-Covid records, but growth is still there
H1 margins down as expected due to post-Covid base effects and a more uncertain economic contextA slowdown is materializing, but there's no question of collapseOperating EBIT Margin on Activity 2023 forecast modestly revised downwardsA fall in share price and valuation that could open the door to a comeback.Alten is a holding company. Through its subsidiaries, Co. operates in three areas: Engineering and Technology Consulting (ETC), Telecoms Networks and Multimedia, and Information Systems (NTIS). Through the Engineering and Technology Consulting (ETC) segment, Co. studies and designs technology products for technical divisions in industry and telecoms. The Telecoms Networks and Multimedia segment focuses on Product design, Architecture, deployment, and operation of networks. Lastly, the IT systems segment comprises Applications and software development, and Infrastructure and Telecoms (Applications, systems and networks Corporate telecommunications).
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