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Alten: 2017 earnings up sharply

(CercleFinance.com) - Alten reported 2017 net income, group share of 147 million after trading on Tuesday, up 30.
7% y-o-y.

However, the group's operating margin fell by 500 bp to 9.8%. The group imputed this fall to an unfavourable calendar effect (2 less working days in 2017 relative to 2016), as well as a reinforcement of management teams, which was necessary to support growth. Nevertheless, its margin rose over H2, reaching 10.2%.

In addition, Alten generated revenues of 1.98 billion euros, up 13% as reported (+7.9% like-for-like), including exports of 1.06 billion euros (+15.6%) and domestic sales of 914.4 million euros (+10.1%).

Regarding its outlook, Alten said that it will continue its strong development, thanks to dynamic external growth and organic growth, in compliance with its margin policy.

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