Alten has published sales of 4068 ME for 2023, up 7.6% on 2022, with business up 10.2% in France and +6.4% internationally.
Operating income from ordinary activities came in at €382.8m (-8.8%), while net income, Group share, was down 49% at €233.2m.
On the other hand, FCF was up 23.5% at €183.7m.
'As anticipated, organic growth slowed during 2023, reflecting the normalization of the economy. This slowdown should be confirmed in the first half of 2024, before a probable rebound in the second half", says Alten, which expects "satisfactory organic growth in 2024" and indicates the continuation of its targeted external growth strategy.
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Alten is European's No. 1 high-technology consulting and engineering group. The group's services are supplied to technical departments and IT system departments at large industrial, telecom, and utility companies. The activity is organized into 3 areas:
- technology engineering and consulting services: studies, design, and execution of research and development projects for new products/systems, consulting services, project management assistance, etc.;
- development of network architectures: design of terminals and network equipment, deployment and operation of networks;
- development of information systems: implementation or redesign of information systems and development of specific applications.
Net sales break down by market into automotive and rail (20.9%), trade/services/media/public sector (18.4%), aeronautics and space (14.8%), industries (9.4%), banking/finance/insurance (9.1%), life sciences (8.3%), energy (7.3%), defense/security/maritime (6.5%) and telecoms (5.4%),
Net sales are distributed geographically as follows: France (31.9%), North America (11.9%), Germany (9%), Spain (9.1%), Asia-Pacific (7.9%), United Kingdom (7.7%) , Italy (7.7%), Benelux (5.6%), Scandinavia (4.4%), Eastern Europe (2.8%), Switzerland (1.5%) and others (0.5%).