Alten: LFL revenues up almost 20% in H1
(CercleFinance.com) - Alten has announced its H1 results, with the company experiencing strong organic growth.
LFL revenues increased 19.8% (14.5% in France and 22.8% outside France).
H1 Operating profit from ordinary activities reached 208.6 million euros, up 52.1% y-o-y, while its operating margin reached 11.4%, despite higher salaries.
Operating profit reached 186.9 million euros (i.e. 10.2% of sales), including 15.4 million euros in share-based payments and 6.2 million euros in non-recurrent costs.
After taking into account a tax charge of 48.3 million euros, group net profit reached 139.0 million euros.
Group net cash amounted to +62.4 million euros at end-June.
The market doesn't seem too impressed, however, with the share down over 1% in early trading today, slightly under a market that itself is failing to get off the ground.
Copyright (c) 2022 CercleFinance.com. All rights reserved.