Alten : Mixed Q2 figures, slightly offset by solid H2 outlook
>Q2 organic growth of 8.6%, lower than expected - Alten’s Q2 2023 sales, reported after trading yesterday, came in at € 1.013bn, 2% short of our expectations and 4% short of the Visible Alpha consensus, though its reliability looks debatable in this case. Organic growth came to 8.6%, below our expectations (10.7%) and those of the consensus (11.9%), giving a markedly slower rate than Q1 (+14.3%). Growth was impacted to the tune of -1.3 pts by a negative calendar effec...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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