Business grows by 17.5% in first quarter | ALTEN SPAIN

Business in first quarter 2019

Business
30/05/2019
  • Very sharp growth in activity: +17.5%
  • Sustained organic growth: +12.5%
  • 3 acquisitions abroad

 

 

 

 

 

 

 

BUSINESS UP +17.5% IN THE QUARTER ENDED MARCH 31ST 2019

Business grows by 17.5% in Q1 2019 reaching 12.5% in France and 21.9% abroad. On a like‐for‐like basis and constant exchange rate, business grows by 12.5% (12.5% in France and 12.6% outside France), penalized by a negative calendar effect (‐ 0.7 business day in the first quarter).

France sustains a robust growth rate in all business sectors.
Outside France, the activity in North America, Scandinavia and Southern Europe grows sharply.

All business sectors are growing: Aerospace, Defence & Security, Life Sciences, and Rail/Naval experience sharp growth.

EXTERNAL GROWTH: 3 ACQUISITIONS OUTSIDE FRANCE

ALTEN is consolidating its position abroad and has carried out 3 acquisitions in Europe in Q1 2019:

  • 3 companies in Germany (annual revenue: €22.5 M, 255 consultants)
  • 1 company in Spain (annual revenue : €6 M, 95 consultants)

OUTLOOK FOR 2019

The beginning of 2019 shows that our activity remains well oriented in almost all geographical areas and business sectors. ALTEN confirmed its main reference listings and acquired new ones both in France and abroad. Assuming similar economic conditions, ALTEN should achieve a satisfactory organic growth and pursue its external growth policy.

 

Click here to read the Press Release.

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