ALTRAN TECHNOLOGIES: Publication of H1 2016 revenues

Publication of H1 2016 revenues  

Strong growth in H1 2016:
+11% to €1,058m, with +8% organic growth

Altran Group's consolidated revenues amounted to €1,057.6m in H1 2016 versus €954.5m in H1 2015, implying a 10.8% reported growth and an organic^[1] growth of 7.9% (6.2% economic^[2] growth) over the period.

This performance results from a reported growth of 11.1% (9.6% organic growth) in the second quarter, higher than the already sustained growth of the Group in the first quarter (6.0%).

Commenting on the Group's H1 2016 revenues, Altran Chairman and Chief Executive Officer Dominique Cerutti declared: "The first half of 2016 was a very intensive period for Altran with the first major steps of the Altran 2020. Ignition strategic plan. The growth we have registered this semester confirms the dynamism of the market and the relevance of our new positioning. This excellent performance has been achieved while our teams are accelerating the execution of our strategic plan in several domains, from strategic acquisitions announced in July such as Synapse and Lohika in the United States, to the deployment of our World Class Centers or the industrialization of our Delivery Centers. This pace of transformation confirms our ability to achieve all the objectives of the Altran 2020. Ignition strategic plan."

Quarterly trends in Group revenues are as follows:

By geographic zone, the Group's H1 2016 organic growth of 7.9% breaks down as follows:

• France: +8.7% (+6.4% economic growth), confirming the growth dynamics of the automotive, aeronautics and health industries.
• Southern Europe: +11.9% (+10.8% economic growth).
• Northern Europe: +2.5% (+1.1% economic growth). The Group stabilized its organic growth in Germany during Q2 2016.
• Rest of the World: +17.4% (+16.4% economic growth).

Trends in invoicing rate

The invoicing rate of the Group in Q2 2016, at 87.2% (+0.5% compared with the Q1 2016 level), remained stable compared with the same period last year.

Trends in staff levels

As of 30 June 2016, the total headcount of the Group stood at 27,150 employees, compared with 26,681 at the end of March 2016 and 23,908 a year ago. 

Outlook

Based on the information currently at its disposal, Altran expects 2016 to be another year of profitable growth.

Financial calendar

8 September 2016: H1 2016 results
27 October 2016: Q3 2016 revenues

About Altran

As a global leader in Engineering and R&D services (ER&D), Altran offers its clients a new way to innovate by developing the products and services of tomorrow. Altran works alongside its clients on every link in the value chain of their project, from conception to industrialization. For over thirty years, the Group has provided its expertise to key players in the Aerospace, Automotive, Defence, Energy, Finance, Life Sciences, Railway, and Telecoms sectors, among others. In 2015, the Altran group generated revenues of €1.945bn. With a headcount of more than 27,000 employees, Altran has a presence in more than 20 countries.

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Contacts

Altran Group
Olivier Aldrin
Executive Vice-President and CFO
Tel: + 33 (0)1 46 41 71 89
comfi@altran.com

Marine Boulot
Group Vice-President Communications
Tel: + 33 (0)1 46 41 71 73
marine.boulot@altran.com

Press relations
Shan
Candice Baudet Depierre, directeur conseil
Tel: +33 (0)1 44 50 51 71
candice.baudetdepierre@shan.fr

Anne Vernois, directeur associé
Tel: + 33 (0)1 44 50 51 75
anne.vernois@shan.fr

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DISCLAIMER
This press release contains forward-looking statements (as defined in the United States Private Securities Litigation Reform Act, as amended) based upon current management expectations. Numerous risks, uncertainties and other factors (including, risks relating to: government legislation affecting our businesses; competition; our ability to manage rapid technological change in the industries in which we compete; litigation risks, labour issues; unanticipated costs from disposals or restructuring) may cause actual results to differ materially from those anticipated, projected or implied in or by the forward-looking statements. Many of the factors that will determine our future results are beyond our ability to control or predict. These forward-looking statements are subject to risks and uncertainties and, therefore, actual results may differ materially from our forward-looking statements. You should not place undue reliance on forward-looking statements which reflect our views only as of the date of this presentation. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.