ALTEN Group's results Q1 2022 +31,3%

ALTEN Group’s results Q1 2022 +31,3%

ALTEN Group's results Q1 2022 continue the upward trend started last year. The sectors are in active growth after the pandemic.

May 9, 2022

ALTEN Group’s results for the first quarter of the year continue the upward trend that started last year.

ORGANIC GROWTH REMAINS STRONG: +20.7%
3 ACQUISITIONS OVERSEAS

ALTEN Group’s results Q1 2022 continue the upward trend started last year.

BUSINESS AT THE END OF MARCH 2022: +31.3%

The dynamic growth of last year’s second semester is still strong at the beginning of 2022; business growth reaches 31.3% in Q1 2022 (18.9% in France and 38.6% overseas). On a like‐for‐like basis and constant Exchange rate, business reaches 20.7% (14.9% in France and 24.2% overseas).

All business sectors are growing and more specifically the Financial/Services and Electronics sectors, along with the Automotive and Civil aeronautics sectors which were deeply impacted by the Health Crisis and are currently spurred by a dynamic for recovery.

Most of geographical areas have a strong organic growth exceeding 20%. Only Scandinavia and Switzerland have a growth below 10%.

EXTERNAL GROWTH: 3 ACQUISITIONS OVERSEAS

ALTEN has finalised 3 acquisitions in 2022:

In Spain: 1 company specialised in Cloud computing and digital transformation (€12M revenue, 180 consultants)
In India/US/Canada: 1 company specialised in product engineering (€12M revenue, 480 consultants)
In the UK: 1 company specialised in Cloud computing architectures and digital transformation (€110M revenue, 710 consultants)

OUTLOOK FOR 2022:

The beginning of 2022 follows the path of H2 2021. Business will grow depending on the evolution of the health situation, as well as geopolitics and macroeconomics, all in very unstable environments. Provided unchanged conditions, ALTEN should achieve a satisfactory organic growth and further develop its strategy of targeted external growth.

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