Report
Nicolas David

Altran Technologies : Encouraging signals, but visibility still poor on Aricent

>2018 results better than expected across the board - Altran yesterday reported better than expected full-year results, both in terms of growth (Q4 at +11.5% in organic terms vs 8.2%e), operating profitability (12.1% vs consensus at 11.9%e) and FCF generation which came to -€ 19m (adjusted for € 101m of one-offs) vs a consensus of -€ 48m. While strong growth in Q4 was largely to be expected, after the similarly positive publications from Alten (+13.7% in organic terms...
Underlying
Altran Technologies SA

Altran Technologies is a global player in the advanced engineering and innovation consultancy market, operating in more than 20 countries, particularly in Europe, Asia and North America. Co. advises and accompanies clients in creating and developing new products and services, intervening during the strategic planning stages of new technologies and offering products support and services throughout all developmental phases. Co. offers its consulting services as technical backing, project support and end-to-end services, providing deliveries of customized products. Co. operates in two segments: Innovation and Advanced Engineering Consulting and Organization and Information Systems Consulting.

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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