First quarter 2024 results for the ALTEN group

The ALTEN group published a turnover of 1,067.0 million euros for the first quarter of 2024, marking an increase of 3.1% compared to the same period in 2023. In France, growth reached 6 .0%, compared to 1.6% for international activities.

However, organic growth slowed to 0.8%, with a notable contraction in activities outside France of -1.7%. This slowdown is attributed to unfavorable seasonality as well as mixed performance across regions, with Northern Europe, Eastern Europe and North America recording a decline.

ALTEN also strengthened its presence in Asia with the acquisition of a company specializing in software development in Vietnam and Japan, employing 950 consultants for a turnover of 20 million euros.

Despite a difficult economic environment, particularly in Europe, the group forecasts organic growth of around 3% for the current year.