Alten : H1 2024 results a shade above expectations but adjusted organic growth guidance marginally lowered
>H1 margin and FCF a shade above expectations… - Alten reported its H1 2024 results after the close yesterday, after releasing sales figures back in July. Operating profit on activity came to € 177m, down -6% y-o-y and 2% above the consensus expectations (ODDO BHF: € 172m; consensus: € 174m). This implies an operating margin on activity of 8.4%, down -80bp y-o-y and 10bp ahead of expectations (ODDO BHF: 8.1%, consensus: 8.3%). This margin erosion is explained by a low...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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