Alten: stock jumps as H1 earnings edge up
(CercleFinance.com) - The Alten share is up over 8% this morning, after the group reported H1 2019 numbers, including sales of 1,292.
3 million euros, up 17.5% y-o-y.
Organic growth was very strong over the period: at constant data, sales rose by 12.5% (13.4% in France; 11.7% outside France) despite an unfavourable calendar effect (1 less business day), Alten said.
Operating profit from activity rose by 13.5% to 116.6 million euros. Productivity gains on projects and the control of G&A enabled the group's operating margin to reach 9%. Net income reached 76.4 million euros (+1.9%).
In the current economic context, Alten should achieve satisfactory organic growth, continuing with the first half of 2019. Alten will also pursue its targeted acquisition strategy in order to accelerate its development, particularly internationally.
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