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An update from ALTEN SA ( (FR:ATE) ) is now available.
ALTEN SA reported a slight organic decline in its 2024 annual results, with an operating margin of 9.1% of revenue. Despite a 1.8% growth in activity, driven by a significant increase in France, the company faced challenges in the UK, Germany, and Northern European markets, impacting its financial performance. The company achieved substantial free cash flow growth and made strategic acquisitions in Asia and Europe, strengthening its market position. However, ALTEN anticipates continued challenges in 2025, particularly in European markets, with expectations for potential activity decline in early 2025. The company remains hopeful for growth in the latter half of the year, contingent on macroeconomic improvements.
More about ALTEN SA
ALTEN SA operates in the engineering and technology consulting industry, focusing primarily on providing technology consulting services across various sectors such as Defense & Security, Civil Aeronautics, Rail, and Energy. The company is known for its international presence and expertise in software development and IT services.
YTD Price Performance: 13.28%
Average Trading Volume: 4,396
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.11B
For detailed information about ATE stock, go to TipRanks’ Stock Analysis page.
