Report
Nicolas David

Alten : Q4 2023 publication in line. 2024 growth should be satisfactory despite the continuing slowdown expected in H1

>Q4 organic growth broadly in line, driven by France - Alten reported yesterday Q4 sales of € 1,032m, in line with the consensus and -1.2% below our forecasts. The group posted organic growth of 5.8%, a shade above the consensus’ forecasts but in line with ours (ODDO BHF: 6.1% organic, consensus: 4.6% organic; Q3: 7.6% organic). This performance was once again driven by France which posted very robust organic growth at 11.3%, above our forecasts (9.0% organic) and sho...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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