Alten: Q1 sales up slightly

(CercleFinance.com) - Alten has published Q1 2024 sales of E1,067m, up 3.
1% y-o-y (+0.8% LFL).

Sales rose by +6% in France (E354m) and by +1.6% internationally (E712m), or by +6% and -1.7% respectively on a constant data basis.

Alten reports that the Defense & Security, Civil Aeronautics, Automotive and Rail sectors continue to grow satisfactorily.

Alten says that H1 2024 should confirm the slowdown in business seen since mid-2023, before a likely improvement from September/October 2024.

Despite an unfavourable macroeconomic environment, particularly in Europe, Alten is targeting 'satisfactory' organic growth in 2024, of around 3%.


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