Alten : Road show feedback: situation still uncertain for the time being
>Q3 will probably be the low point in growth - At a road show with the company, Alten’s management gave indications on what they expect for activity in H2. Note that at the H1 results presentation (on 23/09), the group confirmed its guidance for organic growth in H2 “close” to that in Q2 (-18% y-o-y). As we understand it, the decline in Q3 could be more marked than in Q2, due to the mandatory holidays in August. Q4 should then show an uptick in growth, while remaining...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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