ALTRAN TECHNOLOGIES 346 0 Kommentare Solid performance in Q3 2018 with +10.4% organic growth

Press release

26.10.2018

Solid performance in Q3 2018 with +10.4% organic growth

Q3 revenues of € 731.1 m (+37.3% reported growth, 10.4% organic growth and +9.7% economic growth vs. Q3 2017)
Performance fueled notably by strong growth in our top markets: France, North America, Germany, Iberia, Italy and the UK

Restoration of Aricent margin materializing. Integration plan on track

Good momentum and tailwinds across industries, good visibility through clients engagement

Altran delivered consolidated revenues of €731.1m in the third quarter of 2018, up +37.3% year on year, with an organic¹ growth of +10.4% and an economic² growth of +9.7%. Reported revenues benefited from Aricent's contribution of $163.5m / €139.5m, +2% compared to Q3 2017.

Dominique Cerutti, Chairman and Chief Executive Officer of the Altran group, declared: "Altran achieved solid growth over the third quarter, reflecting both strong performance in our top countries and tailwinds across our diversified industry portfolio. The Aricent integration plan is on track, the margin improvement is materializing and we are seeing good client traction on common engagements."

Geographic breakdown of Q3 2018 performance

France (31% of total revenues): Accelerated growth with +8.4% organic growth, resulting from solid recruitment campaign and a continued focus on project based and client-transformation-led business.
Europe (42% of total revenues): Germany posted strong growth this quarter (with +20.8% organic growth) due to some large projects reaching peak level, significant improvement in invoicing ratio and a favorable third quarter vacation effect. In the UK, Altran is benefiting from strong traction which again allowed a solid performance with 12.4% of organic growth in Q3. Italy and Iberia continue to post strong growth with organic growth of 7.9% and 12.5% respectively. In Belgium and the Netherlands, the new management is focused on restoring growth.
Americas (26% of revenues): +24.8% organic growth as the consolidation of our build-up bears its fruits and notably with an hyper growth in our software engineering business. Aricent revenues of $163.5m are consolidated in this geography, bolstering reported growth.
Asia (1% of revenues): 2.0% organic growth.

(in €m)	Q3 2018	Reported Growth%	Organic Growth%¹	Economic Growth%²
FRANCE	230.1	7.8%	8.4%	6.8%
EUROPE	302.2	9.3%	10.4%	9.8%
Germany & Austria	79.1	18.2%	20.8%	21.0%
Iberia	61.3	12.5%	12.5%	12.5%
Italy	53.6	7.8%	7.9%	7.9%
UK	49.9	14.7%	12.4%	12.4%
Belgium & Netherlands	37.5	-4.6%	-4.6%	-5.1%
Scandinavia	12.1	-16.6%	-2.2%	-1.5%
Switzerland	8.7	8.7%	10.6%	10.5%
AMERICAS	189.2	446.8%	24.8%	24.3%
ASIA	9.6	21.5%	2.0%	2.0%
TOTAL	731.1	37.3%	10.4%	9.7%