Alten : The recovery in Q4 will be more limited than the consensus was expecting
>Q3 organic growth in line with our forecast at -19% organic - Yesterday evening Alten reported Q3 2020 revenues of € 524m, down 18.6% y-o-y with 1e19.4% organic, broadly in line with our estimates (ODDO BHF: € 526m, -20.3% organic) and a deterioration relative to Q2 (-18.4% organic). By region, France posted organic growth of -26.6% y-o-y, better than we expected (ODDO BHF: -32.7% y-o-y organic) and an improvement on Q2 (-27.9% y-o-y organic). However, international o...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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