PARIS (Agefi-Dow Jones)–Technology consulting and engineering group Alten raised its forecast for the current year on Wednesday, after posting a jump in third-quarter revenue.
The group’s turnover for the period from July to September amounted to 957.3 million euros, up 30.2% on a reported basis and 17% at constant exchange rates and perimeter, compared to compared to the third quarter of 2021.
According to a consensus established by FactSet, analysts expected an average turnover of 935 million euros.
“All sectors of activity are growing, in particular, the civil aeronautics, automotive, rail, finance and electronics sectors,” Alten said in a statement.
For the first nine months of the year, the group’s turnover amounted to 2.78 billion euros, up 30.6% on a reported basis and 18.8% excluding acquisitions and change.
“Business growth has been very strong for nearly 18 months. Organic growth remains strong despite an unfavorable comparison base effect, which testifies to the robustness of demand,” Alten said in a press release.
In this context, the group indicated that it expects “very satisfactory” organic growth for the year as a whole. [et] above 15%”. The group previously expected “satisfactory” organic growth in the second half.
-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: LBO
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October 26, 2022 11:41 ET (15:41 GMT)