STRONG ACTIVITY INCREASE IN FULL‐YEAR REVENUE 2016: +13.5%
Consolidated full‐year 2016 revenue grew 13.5% year on year to €1,748.30 million. On a like‐for‐like and constant exchange rate basis, business increased by 7.3% (up 3.4% in France and up 11.5% outside France), confirming the momentum observed throughout the year. International activity now stands for 52.5% of the activity of the Group.
In Q4, the Group reported a 13.1% increase in revenue to €453.8 million. On a like‐for‐like basis, business grew by 6.4% during the final quarter of the year (up 2.2% in France and up 10.8% outside France).
Despite seasonal fluctuations in 2016, growth developed throughout the year. Southern Europe, North America and the UK reported sustained growth of over 10% in 2016. Organic growth improved as the year went on in Scandinavia (>10% in Q4); it turned positive again in Germany in H2 2016.
Activity growth is mainly driven by Automotive, Services/Finance and Aerospace.
- STRONG 13.5% INCREASE IN REVENUE
- STRONG INTERNATIONAL GROWTH: +23.2%
- 10 ACQUISITIONS COMPLETED IN 2016
(Incl. 9 outside France)
EXTERNAL GROWTH: A NEW ACQUISITION COMPLETED IN GERMANY;
10 ACQUISITIONS SINCE JANUARY 2016
ALTEN continued to deploy a dynamic, targeted external growth strategy throughout the year. The Group completed 10 acquisitions (including 9 outside France), representing an additional 1,700 consultants and cumulative annual revenue of €119 million.
In France, ALTEN acquired a Life Sciences company (estimated annual revenue of €19 million ‐ 190 additional consultants).
Abroad, 9 companies reached the Group:
- 4 acquisitions in Europe: Germany, Italy and Romania (Revenue: €41 million ‐ 450 consultants).
- 5 acquisitions in North America and India (Revenue: €59 million ‐ 1,065 consultants).
OUTLOOK FOR 2017
Although 2017 starts in a context of geopolitical uncertainty both in Europe and the US, the activity remains
well oriented. ALTEN has consolidated its positions in all the areas where the Group does business in 2016 and
this should enable it to deliver positive organic growth once again in 2017 (assuming comparable economic