on ALTEN (EPA:ATE)
ALTEN: 2024 annual results
ALTEN recorded a slight organic decline of 0.2% in 2024 despite an increase in revenue of 1.8% compared to 2023. The operating margin on activity fell slightly to 9.1% of revenue. In France, growth reached 4.8%, while it was 0.4% internationally.
Operating profit decreased by 13.4% to EUR 277.0 million. This includes goodwill impairments in the UK and Germany. Net profit attributable to equity holders of the parent fell by 20.1% to EUR 186.4 million.
Free cash flow jumped 81.4% to €333.2 million. ALTEN made two international acquisitions and finalized the purchase of Worldgrid. No significant recovery in activity is anticipated for 2025, although an economic improvement is expected in the second half of the year.
R. P.
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