Report
Nicolas David

Alten : Manque de momentum à court terme

>Résultats 2019 satisfaisants, hormis sur le résultat net - Pour rappel, Alten a publié des résultats annuels 2019 légèrement au-dessus de nos attentes sur l’EBIT ajusté, à 261 M€ (ODDO BHF : 259 M€ ; consensus FactSet : 257 M€). Sur un CA annuel de 2 624 M€, la marge opérationnelle ajustée ressort ainsi à 9.9%, soit stable. Le résultat net ressort nettement en dessous des attentes à 164 M€ (ODDO BHF : 182 M€ ; Css. : 181 M€) en raison : i/ de frais liés aux acquisiti...
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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