Alten : FY results close to expectations for adjusted operating profit & FCF, 2024 guidance not yet clear
>2023 profitability close to expectations, FCF up in H2 - Alten published its 2023 results yesterday after market close, having already announced its revenues in January. Adjusted operating profit came in at € 383m, close to consensus expectations (ODDO BHF: € 379m; consensus: € 389m). This implies an adjusted operating margin of 9.4% (vs 11.1% in 2022), -10bp, below consensus expectations but +10bp above our expectations (ODDO BHF: +9.3%; consensus: +9.5%). This per...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).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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