Alten: operational profitability in decline







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(Boursier.com) — At Alten, growth in 2023 activity stands at +7.6%, or +10.2% in France and +6.4% outside France.

At constant scope and exchange rates, growth is +9% with +10.2% in France and +8.4% outside France.

The Civil Aeronautics, Automotive and Defense & Security sectors are experiencing strong growth.

The operating profit from activity amounts to 382.8 ME, or 9.4% of turnover. In 2022, the operating margin amounted to 11.1% of turnover but was not normative.

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In 2023, the integration of less profitable companies, a satisfactory activity rate but lower than that of 2022, an increase in structuring expenses as well as an unfavorable calendar explain the decline in the operating margin compared to that of 2022.

The net profit, Group share, stands at 233.2 ME vs. 457.6 ME.

Alten believes it has achieved satisfactory business growth in 2023, in line with its forecasts. 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.

Alten forecasts satisfactory organic growth in 2024 and intends to continue its targeted external growth strategy.


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