Altran: 2019 adjusted income up 29%
(CercleFinance.com) - Altran Technologies has published 2019 adjusted net income that is up 29% at 212.
9 million euros, or 0.84 euro per share, with an operating margin of 12.7%, which is up 60 basis points from 2018.
The engineering and R&D services group posted FY revenue of 3,217.1 million euros, up 10.3% as reported, with economic growth 6.2% and organic growth of 6%.
"Looking into 2020, most of the H2 2019 disparate events (Brexit, German market, Semiconductor cycles) are expected to normalize in 2020. Continued focus on execution in 2020 should drive further performance," the group said.
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9 million euros, or 0.84 euro per share, with an operating margin of 12.7%, which is up 60 basis points from 2018.
The engineering and R&D services group posted FY revenue of 3,217.1 million euros, up 10.3% as reported, with economic growth 6.2% and organic growth of 6%.
"Looking into 2020, most of the H2 2019 disparate events (Brexit, German market, Semiconductor cycles) are expected to normalize in 2020. Continued focus on execution in 2020 should drive further performance," the group said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.