Report
Pierre Dinet (IDMidCaps)

Alten - Q2 still good but confirms first signs of slowdown

Q2 revenues organic growth of almost 9%, slightly below our expectations A reassuring outlook for H2, with no further slowdown for the time being Towards a return to more normal margins, as expected A slightly severe correction in the share price, but a 2-digit growth guidance that leaves little margin for error
Underlying
Alten SA

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).

Provider
Degroof Petercam
Degroof Petercam

​We are an investment house with Belgian roots founded on more than 150 years of trust.

As a private company owned by long-term committed shareholders, we are independent. Naturally and structurally. Our experts have the knowledge to think and act without bias, and to make decisions that benefit our clients. Today and tomorrow.

Analysts
Pierre Dinet (IDMidCaps)

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