Financial PerformanceOperating profit still decreasing in FY24.
Market OutlookAnalyst downgrades Alten to Underperform due to a slowdown in key end-markets.
Revenue ForecastAlten constantly lowers its revenue forecasts, with sales potentially declining in the fourth quarter of 2024.
Stock PerformanceAlten shares have dropped 28% YTD and trade at a significant discount due to a weaker growth outlook.
Workforce ChallengesThe Group is starting the year with fewer engineers and sees no sign of improvement of the economic climate.