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Alten: LFL revenues up almost 20% in H1

( - 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.

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