Alten (LTS:0O1S)

€ 78.25 0 (0%) Market Cap: 2.74 Bil Enterprise Value: 2.80 Bil PE Ratio: 11.41 PB Ratio: 1.29 GF Score: 84/100

Half Year 2024 Alten SA Earnings Call Transcript

Sep 20, 2024 / 08:00AM GMT

Release Date Price: €97.68 (-3.46%)

Transcript

Simon Azoulay

Alten SA - Chairman of the Board, Chief Executive Officer, Member of the Executive Committee

Good morning, everyone. We're delighted to present the first half results for the year 2024, even if they're not extraordinary and not at the level expected because of the current situation, as was already published yesterday. So we have results that are exceptionally lower than what we usually obtain.

So the first half of this year, we had an EBIT above 9% for the past year's, above 10% usually, and we always target an EBIT at around 10% for our business. Last year, we were close to this. We intended to get back to the norm during this year 2024 and we were hoping for a recovery, an interesting recovery on businesses, sectors that had been blocked or delayed during the year 2023.

We suffered a lot during 2023 for IT services and in some specific sectors, and I will comment on this a little bit later on. But we thought that engineering would make up for that because it was promising, but the promises that even our best clients had made were not honored because our aeronautics

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