Alten : Lack of momentum in the short term
>2019 results satisfactory, apart from net profit - As a reminder, Alten reported 2019 results a shade above our expectations on adjusted EBIT, at € 261m (ODDO BHF: € 259m; FactSet consensus: € 257m). Based on full-year revenues of € 2,624m, the adjusted operating margin was stable at 9.9%. Net profit was clearly shy of forecasts, coming to € 164m (ODDO BHF: € 182m; consensus : € 181m) due to: i/ higher than expected acquisition-related costs (€ 12m), ii/ a € 6 milli...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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