ALTEN Group financial results Q1 2021
In Switzerland, turnover is slightly lower than 2020’s first quarter: On a like‐for-like basis and constant exchange rate, business only decreases by 1.1%, a minor negative impact due to the pandemic.
However, we should see a rebound in our next financial results thanks to a record level of new starting projects wins during Q1.
Regarding ALTEN Group, gradual upturn in business is confirmed thanks to an increase of +6,8% overseas. However business decreased by 1.3% in First Quarter of 2021: ‐ 12.7% in France and +6.8% overseas.
The Automotive and Civil Aeronautics sectors remain highly impacted by the health crisis and business is resuming progressively in both sectors. Business in the sectors of Rail/Naval, Defense & Security, Life Sciences and Industry has grown since the beginning of the year.
ALTEN has finalised 3 acquisitions in 2021: 1 in France, 1 in the UK/Finland and 1 in Germany.
Acceleration and external growth strategy has allowed ALTEN to develop its market shares. Acquisitions have counted for almost 10% of Q1 2021 revenue.
Read the full press release .
Read the report Activity at the end of March 2021