Alten : An earnings report that contrasts with the market gloom
>Q3 sales show a sharp and balanced acceleration - Alten reported better-than-expected Q3 revenues, with organic growth of 14.5% y-o-y (Oddo 10.8%e), reflecting a sharp acceleration after +11.5% in Q2. Adjusted for an additional 0.7 working days than the previous year, economic growth was 13.3%.Growth was driven by all regions since France generated 14.3% organic growth y-o-y and international activities were at 14.6% with growth in all countries. The UK showed ...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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