Alten: CEO net profit down 49% in 2023


(CercleFinance.com) – Alten publishes a turnover of 4,068 ME for 2023, up 7.6% compared to 2022, with activity up 10.2% in France and +6, 4% internationally.

The operating profit from activity stood at 382.8 ME (-8.8%) while the group’s share of net profit stood at 233.2 ME, down 49%.

On the other hand, the FCF increased by 23.5%, to 183.7 ME.

‘As expected, organic growth slowed during 2023, reflecting the normalization of the economy. This slowdown should be confirmed during the first half of 2024, before a probable rebound in the second half,’ indicates Alten, which expects ‘satisfactory organic growth in 2024’ and indicates the continuation of its targeted external growth strategy.

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