Alten : Q3 growth beats forecasts in a still very buoyant environment
>Organic growth of +17% in Q3, above estimates - Yesterday after market, Alten reported Q3 sales of € 957m, 5.3% above forecasts (vs ODDO BHF: € 935m; consensus: € 909m). Organic growth was 17%, well above forecasts (vs ODDO BHF: 14.2% y-o-y organic ; consensus: 13.2% y-o-y organic). This reflects a slight slowdown compared to Q2 (vs 18.9% in Q2) due mainly to a tougher base effect. Underlying momentum remained very robust, in line with Q2. All countries/zones po...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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