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Alten (ATE) investor relations material

Alten H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary24 Feb, 2026

Executive summary

  • Revenue declined 1.1% year-over-year to €4,099M, with France up 4.3% and international down 3.7%.

  • Organic revenue fell 4.5%, mainly due to a sharp drop in the Automotive sector (-16%) and declines in Telecoms, Electronics, and Public Sector.

  • Operating profit on activity was €346.5M (8.5% of revenue), above the anticipated 8.1%.

  • Net income dropped 42.6% to €106.9M, impacted by non-recurring items and goodwill impairment.

  • Free cash flow was €239.9M (5.9% of revenue), despite significant non-recurring items.

Financial highlights

  • Operating profit on activity margin decreased from 9.1% to 8.5% year-over-year.

  • Operating profit fell 28% to €199.6M (4.9% of revenue), impacted by non-recurring costs and goodwill impairment.

  • Net cash position at year-end was €390M, with gearing at -17.5%.

  • Working capital requirements improved by €33.5M, aided by better DSO and lower activity.

  • Significant goodwill impairment of €67.4M and non-recurring profit/loss of -€46.3M.

Outlook and guidance

  • Q4 2025 showed sequential stabilization, with Civil Aeronautics and Banking/Finance returning to growth.

  • Visibility remains limited for early 2026; Q1 is expected to confirm trend reversal and refine full-year outlook.

  • Civil Aeronautics, Banking, Energy, and Defense sectors expected to drive growth in 2026.

  • Targeting a rapid return to an operating profit on activity (OPA) margin of around 10%.

Underlying operating profit trend 2025?
Strategy for weak regions (UK, Nordics, Germany)?
How do 2025 acquisitions align with organic decline?
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Q1 2026 TU28 Apr, 2026
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Frequently asked questions

Alten S.A. is a French multinational engineering and technology consulting company that provides services in the fields of engineering, IT, and technology development. The company supports clients across various industries, including aerospace, automotive, energy, telecommunications, and finance, by offering solutions in areas like product development, system integration, software development, and IT infrastructure. Alten specializes in helping companies innovate and optimize their operations through tailored engineering services and digital transformation projects. The company is headquartered in Boulogne-Billancourt, France, and its shares are listed on Euronext Paris.

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