Report
Nicolas David

Altran Technologies : Feedback from road show: the worst seems to be over. Neutral vs Reduce

>Following a road show with management, we are raising our recommendation to Neutral - At a road show in North America, management (CEO and CFO) delivered an encouraging message, particularly about FCF generation, which was the main source of disappointment at the 2018 performance. We are raising our recommendation to Neutral vs Reduce since we think that the worst (fraud at Aricent, slippage in FCF and the cyber-attack) is now behind us, which should allow management...
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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