ALTEN 2024 half-year results: moderate growth

ALTEN has published its half-year results for 2024, marked by organic growth of 0.9%, bringing revenue to €2,108 million, an increase of 2.9% compared to June 2023. In France, growth reached 5.7%, compared to 1.6% internationally. The Defense & Security, Civil Aeronautics, Automotive and Rail sectors continued to grow.

Operating profit from activity amounted to 177.2 million euros, representing 8.4% of turnover, down from 9.2% in the previous year. The operating margin was affected by a lower number of working days and a lower activity rate than last year.

Net income attributable to the Group increased by 6.4% to EUR 118.2 million. Net cash stood at EUR 267.2 million despite a decrease compared to 2023. Free cash flow increased considerably to EUR 98.0 million.

ALTEN has completed two acquisitions, one in Asia and the other in Poland, and is in exclusive negotiations for the acquisition of Worldgrid. The company anticipates organic growth of between 0.5% and 1% for the full year 2024.