Report
Nicolas David

Alten : Pas de changement de tendances en vue – Achat réitéré

>Finalement pas de dégradation de marge au S1 2018 - Alten a publié jeudi dernier ses résultats complets du S1 2018 supérieurs à nos attentes. Le groupe a généré un CA de 1 100 M€ (déjà publié auparavant) en croissance organique de 10% YoY et a affiché un EBIT de 103 M€, tandis que nous attendions 98 M€, correspondant à une marge de 9.3%. La marge est donc stable par rapport au S1 2017 (après retraitement lié à IFRS 15), en dépit d’un impact calendaire défavorable (-1...
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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