Earnings Release • Jan 29, 2019
Earnings Release
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Paris, January 29th 2019 5:40 pm
| € million | 2017 | 2017 | 2018 | Year‐on‐ |
|---|---|---|---|---|
| As released | IFRS 15 | IFRS 15 | year change | |
| Revenue | 1,975.4 | 1,984.7 | 2,269.9 | +14.4% |
| | 914.4 i.e. 46.3% of | 925.6% i.e. 46.6% of | 1,029.9% i.e. 45.4% of | +11.3% |
| Of which France | total revenue | total revenue | total revenue | |
| | 1,061.1 i.e. 53.7% of | 1,059.1% i.e. 53.4% | 1,240.0% i.e. 54.6% of | +17.1% |
| Of which International | total revenue | of total revenue | total revenue | |
| Headcount | 28,000 | 28,000 | 33,700 | +20.4% |
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 that is released.
Business continued to grow all through 2018 both in France (+11.3%) and abroad (+17.1%). On a like‐for‐like basis, organic growth has further accelerated to reach 12% (11.3% in France and 12.7% outside France).
Q4 2018 revenue has reached €613.5 M, hence up +16.7% as compared to 2017 (€525 M). On a like‐for‐like basis and constant exchange rate, business grows by 13.7% (14.1% in France and 13.3% on an international level).
All geographical areas – with the exception of Germany ‐ are in sharp growth (>10%).
All business sectors are growing, more particularly Aerospace, Automotive, Life Sciences, Defense &Security and Rail/Naval.
In a strategic context of international growth, ALTEN is consolidating its positions abroad and has carried out 10 acquisitions outside France (8 in Europe and 2 in Asia):
Assuming similar economic conditions as in 2018, ALTEN should achieve a positive organic growth in 2019 and should be able to strengthen its targeted strategy of external growth.
| 2018 full‐year results: | Analyst meeting: Wednesday, February 20th 2019 |
|---|---|
| Press release: Tuesday, February 19th 2019 after market closing |
Paris, January 29th 2019 5:40 pm
Appendix to Press Release:
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.
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.
This alternative measure enables to identify the real performance of the Group in terms of activity on the chosen period.
| €M | 2017 Revenue as released |
2017 Revenue restated of IFRS 15 |
2018 Revenue | % Change |
|---|---|---|---|---|
| Revenue on a like‐for‐like basis | 1,975.4 | 1,984.7 | 2,223.1 | 12.0% |
| France | 914.4 | 925.6 | 1,029.9 | 11.3% |
| International | 1,061.1 | 1,059.1 | 1,193.2 | 12.7% |
| Scope variation | 70,6 | 3.6% | ||
| France | ||||
| International | 70,6 | 6.7% | ||
| Exchange rate impact | ‐23,8 | ‐1.2% | ||
| France | ||||
| International | ‐23,8 | ‐2.2% | ||
| Group revenue | 1,975.4 | 1,984.7 | 2,269.9 | 14.4% |
| France | 914.4 | 925.6 | 1,029.9 | 11.3% |
| International | 1,061.1 | 1,059.1 | 1,240.0 | 17.1% |
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