Alten: falls after FY results published.
(CercleFinance.com) - Alten is down 2% after reporting earnings of 112.
4 million euros for its fiscal year 2016, up 5.7%, and operating profit of 157.4 million, up 7%.
The group's operating margin increased to 10.3%, compared to 9.9% in 2015, thanks to a better operating performance from projects, the control of structural costs and an improvement in operating margins from acquisitions in 2014 and 2015.
Revenues amounted to 1,748.3 million euros, up 13.5%. On a like-for-like basis, revenues increased by 7.3% (+3.4% in France and +11.5% internationally), accelerating throughout the year.
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