ALTEN (EPA:ATE) - ALTEN: Business in First Half 2018

Transparency directive : regulatory news

25/07/2018 17:40

PRESS RELEASE

Paris, July 25th 2018
5:40 pm

                     BUSINESS IN FIRST HALF 2018: +11%
                       * Strong organic growth: +10%
                      * 5 acquisitions outside France

EUR million            H1 2017            H1 2017             H1 2018
                     as published         IFRS 15             IFRS 15

Revenue               983.7             990.9               1,099.9

* Of which
France          459.4 i.e. 46.7% of  464.9 i.e. 46.9% of  503.8 i.e. 45.8% of
                  total revenue        total revenue        total revenue

* Of which
international  524.3 i.e. 53.3 % of  526.0 i.e. 53.1% of  596.1 i.e. 54.2% of
                  total revenue        total revenue         total revenue

Year-on-year
  change

   +11.0%

    +8.4%

   +13.3%

Please note the new IFRS 15 Revenue from Contracts with Customers standards
implemented in January 1st 2018 do not bear a significant impact on the
information published.

BUSINESS AS OF JUNE 2018: +11%

Business grows by 11% in H1 2018 reaching 8.4% in France and 13.3% abroad.
Growth was penalized by one less business day as compared to H1 2017, as well
as an unfavourable exchange rate impact causing a negative effect on activity
of 2%. On a like-for-like basis and constant exchange rate, growth equals
10.0% (8.4% in France and 11.4% outside France).

Business grows by 12.9% in Q2 2018 (9.0% in France and 16.3% abroad). On a
like-for-like basis, business increases by 11.4%. Organic growth remained
sustained this quarter in France (+9%) whilst it sharply increases abroad
(+13.5%), as compared to Q1 2018.

Organic growth exceeds 10% in all geographical areas - with the exception of
Germany.

Again, following on Q1 2018, all business sectors are experiencing a positive
growth - more particularly Aerospace, Defence & Security, and Rail/Naval.

EXTERNAL GROWTH: 5 ACQUISITIONS OUTSIDE FRANCE

ALTEN is consolidating its positions abroad and has carried out 5 acquisitions
in 2018:

- Two companies on the Germany/Austria perimeter (annual revenue: EUR15.5 M,
175 consultants)
- Two companies in Spain (annual revenue: EUR27.5M, 570 consultants)
- One company in China (annual revenue: EUR7M, 160 consultants)

OUTLOOK FOR 2018:

Assuming similar economic conditions, Alten should achieve a satisfactory
organic growth in 2018, consistent with the one of first half 2018. Alten will
also strengthen its targeted strategy of external growth to further accelerate
its expansion, more particularly abroad.

NEXT PUBLICATION: SEPTEMBER 20TH 2018

First half 2018 results: Press release to be published on September 20, 2018,
after market closing.

About ALTEN

For more information: www.alten.fr/ investisseurs / Contact: ESCAL Consulting
Tel: + 33 1 44 94 95 66
As a European Leader in Engineering and Technology Consulting (E TC), ALTEN
carries out design and research projects for Technic al and IT divisions of
major clients in industry, telecoms and services.
ALTEN's stock is listed in compartment A of the Euronext Par is market (ISIN
FR000001946); it is part of the SBF 120, the IT CAC 50 index and MIDCAP100, and
is eligible for the deferred Settlement Service (SRD).

PRESS RELEASE

Paris, July 25th 2018 5:40 pm

Appendix to Press Release:

Definition of alternative performance measures and reconciliation with IFRS
standards
The ALTEN Group uses alternative performance measures especially selected to
follow up on its operational activities. The Group has chosen these measures as
they supply additional information allowing the users of periodic financial
information to have a comprehensive understanding of the Group's performance.
Such alternative performance measures are complementary to IFRS standards.

Revenue growth on a like-for-like basis (i.e. organic growth)
Growth on a like-for-like basis (and constant exchange rate) is calculated
excluding the effects of exchange rate variations and the variations of the
consolidation scope on a chosen period.

Exchange rate impacts are measured by converting the revenue of the period with
the average exchange rate from the previous period.
Scope variation impacts are measured excluding acquisitions, revenue of the
period and for transfers, revenue of the previous period, in order to create a
scope which is identical to the previous period.

This alternative measure enables to identify the real performance of the Group
in terms of activity on the chosen period.

Evolution of business in Q1 2018

MEUR           H1 2017           H1 2017                  H1 2018   % Change
              Revenue as         Revenue                  Revenue
               published        restated of
                                 IFRS 15
Revenue on a
like-for-like     983.7                990.9               1089.6       10.0%
basis
France            459.4                464.9                503.8        8.4%
International     524.3                526.0                585.8       11.4%

   Scope variation                                           29.7        3.0%
France                                                         -          -
International                                                29.7        5.6%

Exchange rate impact                                        -19.4       -2.0%
France                                                         -          -
International                                               -19.4       -3.7%

Group revenue     983.7                990.9               1099.9       11.0%
France            459.4                464.9                503.8        8.4%
International     524.3                526.0                596.1       13.3%

(c) Direction ALTEN - www.alten.fr
                                      Ingénierie et Conseil en Technologies

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