Alten (ATE) Q2 2026 TU earnings summary

Executive summary

• Revenue for H1 2026 reached €2,109.2 million, representing a 1.2% increase year-over-year, with organic growth excluding forex at 1.6%.

• Q2 2026 revenue was €1,055.5 million, up 3.3% year-over-year, with organic growth excluding forex at 3.2%.

• France revenue grew 4.4% in H1 2026, while international revenue declined by 0.5%.

• Business activity improved across most geographies, with notable growth in Aerospace, Defence/Security/Naval, and Rail sectors.

• Two acquisitions were completed (IT Services in France, Automotive in Germany), and one disposal in Life Sciences internationally.

Financial highlights

• France contributed €749.6 million in H1 2026, up 4.4% year-over-year, accounting for 35.5% of total revenue.

• International revenue was €1,359.5 million (64.5% of total), with a 0.5% decline year-over-year.

• Iberic region saw 9.5% growth, while North America and Nordics declined by 6.8% and 10.8%, respectively, in H1 2026.

• Q2 2026 saw France up 7.6%, Iberic up 10.3%, and Benelux down 6.0% year-over-year.

• Organic growth in Q2 2026 was 3.2% (France +6.5%, international +1.5%).

Segment performance

• Aerospace, Defence, Security & Naval accounted for 27.3% of H1 2026 revenue.

• Energy, Life Sciences & Industrial Equipment represented 31.1% of revenue.

• Retail, Services, Media & Public sector contributed 24.9% of revenue.

• Automotive & Rail made up 16.7% of revenue.

• Aerospace, Defence/Security/Naval, and Rail sectors accelerated, while Energy saw moderate growth.