ALTEN (EPA:ATE) - ALTEN: Business at the end of September 2018
Transparency directive : regulatory news
24/10/2018 17:40
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PRESS RELEASE
Paris, October 24th 2018 5:40 pm
BUSINESS AT THE END OF SEPTEMBER 2018: +13.5%
* Strong organic growth in France and abroad: +11.4%
* 6 acquisitions outside France
2017 2017 2018
EUR million As released IFRS 15 IFRS 15
Revenue 1,452.7 1,459.0 1,656.3
* Of which 674.1 i.e. 46.4% of 682.1 i.e. 46.8% of 752.0 i.e. 45.4% of
France total revenue total revenue total revenue
* Of which 778.6 i.e. 53.6% of 777.0 i.e. 53.2% of 904.3 i.e. 54.6% of
International total revenue total revenue total revenue
Year-on-year
change
+13.5%
+10.3%
+ 16.4%
Please note the new IFRS 15 Revenue from Contracts with Customers standards
implemented in January 1st 2018 do not bear a significant impact on the
information that is released.
BUSINESS UP 13.5% AT END OF SEPTEMBER
Business grows sharply at the end of September 2018 both in France (10.3%) and
abroad (+16.4%). On a like- for-like basis and constant exchange rate, business
grows by 11.4% (10.3% in France and 12.4% outside France).
Growth has further accelerated in Q3 to reach 18.9% (14.3% in France and 22.8%
abroad). On a like-for-like basis, business grows by 14.5% (+14.3% in France
and +14.6% abroad).
Organic growth exceeds 10% in all geographical areas - excluding Germany,
although its organic growth is above 5%.
Following on H1, all business sectors are growing -with the exception of Oil &
Gas. More specifically, Aerospace, Defense & Security, Life Sciences and
Rail/Naval experience sharp growth.
EXTERNAL GROWTH: 6 ACQUISITIONS OUTSIDE FRANCE
ALTEN is consolidating its positions abroad and has carried out 6 acquisitions
in 2018:
* Two companies on the Germany/Austria perimeter (annual revenue: EUR15.5 M,
175 consultants)
* Two companies in Spain (annual revenue: EUR27.5M, 570 consultants)
* One company in China (annual revenue: EUR7M, 160 consultants)
* One company in India (annual revenue: EUR1.3M, 100 consultants)
OUTLOOK FOR 2018:
Thanks to a strong organic growth in Q3, ALTEN is now able to raise its
expectations regarding business in 2018: assuming similar economic conditions,
ALTEN's organic growth should exceed 10%.
ALTEN will also strengthen its targeted strategy of external growth to further
accelerate its development, more especially on an international level.
NEXT RELEASE:
Q4 2018 results: Wednesday, January 30th 2019
About ALTEN
For more information: www.alten.fr/ investisseurs / Contact: ESCAL Consulting
Tel: + 33 1 44 94 95 66
As a European Leader in Engineering and Technology Consulting (E TC), ALTEN
carries out design and research projects for Technic al and IT divisions of
major clients in industry, telecoms and services.
ALTEN's stock is listed in compartment A of the Euronext Par is market (ISIN
FR000001946); it is part of the SBF 120, the IT CAC 50 index and MIDCAP100, and
is eligible for the deferred Settlement Service (SRD).
PRESS RELEASE
Paris, October 24th 2018 5:40 pm
Appendix to Press Release:
Definition of alternative performance measures and reconciliation with IFRS
standards
The ALTEN Group uses alternative performance measures especially selected to
follow up on its operational activities. The Group has chosen these measures as
they supply additional information allowing the users of periodic financial
information to have a comprehensive understanding of the Group's performance.
Such alternative performance measures are complementary to IFRS standards.
Revenue growth on a like-for-like basis (i.e. organic growth)
Growth on a like-for-like basis (and constant exchange rate) is calculated
excluding the effects of exchange rate variations and the variations of the
consolidation scope on a chosen period.
Exchange rate impacts are measured by converting the revenue of the period with
the average exchange rate from the previous period.
Scope variation impacts are measured excluding acquisitions, revenue of the
period and for transfers, revenue of the previous period, in order to create a
scope which is identical to the previous period. This alternative measure
enables to identify the real performance of the Group in terms of activity on
the chosen period.
This alternative measure enables to identify the real performance of the Group
in terms of activity on the chosen period.
Evolution of business in Q3 2018
EURM Q3 2017 Revenue Q3 2017 Revenue Q3 2018
as released restated of Revenue % Change
IFRS 15
Revenue
on a
like-for-like
basis 1,452.7 1,459.0 1,625.5 11.4%
France 674.1 682.1 752.0 10.3%
International 778.6 777.0 873.5 12.4%
Scope variation 53.7 3.7%
France - -
International 53.7 6.9%
Exchange rate impact -22.9 -1.6%
France - -
International -22.9 -2.9%
Group revenue 1,452.7 1,459.0 1,656.3 13.5%
France 674.1 682.1 752.0 10.3%
International 778.6 777.0 904.3 16.4%
(c) Direction ALTEN - www.alten.fr Engineering and Technology Consulting