Alten (ATE) Q1 2026 TU earnings summary

Executive summary

• Revenue for Q1 2026 reached €1,053.7 million, reflecting a 0.8% year-over-year decrease, impacted by foreign exchange effects.

• Organic growth excluding forex was -2.0% year-over-year, but at constant scope and exchange rates, group revenue grew 0.1%.

• France revenue grew 1.3% year-over-year to €374.3 million, while international revenue was €679.4 million, down 1.91%.

• Activity is stabilizing, driven by growth in Aerospace and Defense & Security, while Automotive, Telecom, and Life Sciences continue to decline.

• One acquisition completed: an IT Services company with €68 million revenue and 470 consultants.

Financial highlights

• Q1 2026 revenue: €1,053.7 million, down 0.78% year-over-year.

• Organic growth expected between 0% and -0.5% for both H1 and full year 2026.

• Operating profitability for 2026 anticipated to exceed 2025 levels despite sluggish activity.

• Macroeconomic and geopolitical uncertainties, especially in the Middle East, could impact client investment and performance.

Segment performance

• Aerospace, Defense, Security & Naval accounted for 26.6% of revenue, with Aerospace at 17.1% and Defense, Security & Naval at 9.5%.

• Aerospace and Defense & Security sectors are showing accelerating growth.

• Automotive & Rail contributed 16.8%, while Energy, Life Sciences, Telecoms & Industrial Equipment together made up 31.2%.

• Bank, Finance & Insurance represented 25.4% of revenue.

• Automotive, Telecom, and Life Sciences sectors continue to decline.