Altran: FY adjusted income up 11%

(CercleFinance.com) - The engineering and R&D services group Altran has published 2018 adjusted net income that is up 11.
4% at 165.1 million euros, or 0.72 euro per share. On this basis it will propose dividend payment of 0.24 euro per share.

The group's operating margin increased by 40.9% to 352.3 million euros, up 120 basis points to 12.1%, for sales of 2,916.4 million euros (+27.1%), with organic growth of 8% and economic growth of 7.5%.

The improvement in the group's operating performance, combined with the completion of the Altran Cash program should, at the end of 2019, lead to a continuation in debt reduction for the group, in line with the target set for 2020. Altran says that it is in line with its medium-term financial targets.



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