Feb 22 (Reuters) – Alten reported a drop in operating profit on Thursday as the French engineering group faced costs linked to share-based payments and restructuring operations.
The company recorded an operating profit of 382.8 million euros for the 2023 financial year, compared to 419.6 million euros a year ago.
Alten specified that this result takes into account a charge of 32.3 million euros linked to share-based payments, as well as 30.6 million euros of non-recurring costs, including 9.1 million euros of costs restructuring.
“In 2023, the integration of less profitable companies, a satisfactory activity rate but lower than that of 2022, exceptionally high; an increase in structuring expenses as well as an unfavorable calendar explain the decline in the operating margin compared to that of 2022″, indicated the group in a press release.
Alten announced that it had made five acquisitions in 2023, in the United States, Poland, India, Germany, Japan and Spain. (Written by Augustin Turpin, edited by Sophie Louet)
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