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Alten: 2019 net income up 4%

(CercleFinance.com) - IT group Alten has reported 2019 sales of 2,624.
0, up 15.6% y-o-y.

At constant data, revenues rose 10.7% (10.2% in France; 11.2% outside France).

Net income, group share was 164.2 million euros, up 4%. Meanwhile, free cash flow reached 160.3 million euros, almost double its level in 2018 (+94%).

The group said that after two years of very strong organic growth (over 10%), growth will become more normative in 2020, continuing the trend seen in the second half of 2019


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