Report
Nicolas David

Alten : Amélioration de la visibilité et valorisation attractive, recommandation relevée à Surperformance vs Neutre – OC 105 €

>Résultats annuels supérieurs aux attentes - Pour rappel, Alten a publié des résultats annuels 2020 supérieurs aux attentes. Le groupe avait déjà publié son CA, qui affiche un recul organique de 13% org. dont -20% en France et -8% hors de France. L'EBIT ajusté s'établi à 142 M€ (Css. FactSet 126 M€, ODDO BHF : 147 M€), soit une marge de 6.1% - en recul de 3.8 pts y/y. Le résultat net part du groupe s'établi à 98 M€ (Css. 87 M€, ODDO BHF : 85 M€). Le FCF (hors IFRS 16)...
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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