• Strong organic growth: +12.5%
• 6 acquisitions outside France

SHARP GROWTH IN ACTIVITY AS AT END OF JUNE 2019: +17.5%

Following on the growth of 2018, business has remained very bullish in the first half of 2019, growing by 17.5% (+ 13.4% in France and +21.0% outside France). On a like-for-like basis and constant exchange rate, as at end of June 2019, business grows by 12.5% (13.4% in France and 11.7% outside France) despite a negative calendar effect (- 1 business day in H1 2019).

In Q2 2019, business grows by 17.5% (14.3% in France and 20% outside France) with an increase of 12.4% on a like-for-like basis. Organic growth in France is sustained, reaching 14.3%; it equals 10.9% outside France.

Business in France grows in all its business areas. On an international level, some countries experience sharp growth: Italy, North America, Scandinavia and the Netherlands.

All business areas and more specifically Aerospace, Rail/Naval, Defense & Security and Life Sciences are growing fast.

EXTERNAL GROWTH: 6 ACQUISITIONS OUTSIDE FRANCE

ALTEN is consolidating its position abroad and has carried out 6 acquisitions in the first half of 2019 (5 in Europe and 1 in Asia):

•  2 companies in Germany (annual revenue: €22.5 M, 255 consultants)
• 1 company in Spain (annual revenue: €6 M, 95 consultants)
• 1 company in the UK (annual revenue: €11 M, 170 consultants)
• 1 company in Denmark (annual revenue: €6 M, 50 consultants)
• 1 company in India (annual revenue: €8.5 M, 260 consultants)

OUTLOOK FOR 2019:

Following on H1 2019 and assuming similar economic conditions, ALTEN should achieve a positive organic growth. ALTEN will also further develop its targeted strategy of external growth to accelerate its expansion, more particularly on an international level.

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