Report
Nicolas David

Alten : Message très positif du management sur les perspectives de croissance

>Résultats 2018 en ligne, le FCF peine en raison de la forte croissance - Alten a présenté hier des résultats annuels conformes aux attentes, avec un ROA 2018 de 224 M€ (+15% y/y). Cela reflète une MOA de 9.9%, en hausse de 10 pb, légèrement supérieure à la guidance du management (stable y/y à 9.8%) et conforme aux attentes (Oddo BHF et Css : 9.9%). Dans le détail, la légère amélioration de la MOA est liée à une hausse de la marge brute (+30 pb) et du crédit-impôt rec...
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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