Press release
27 October 2016


Q3 2016 revenues  

Strong growth path recorded in Q3 revenues:

  • +6.5% reported growth (+5.1% economic growth)
  • Invoicing ratio up 30bp

Altran Group reported revenues up +6.5% in Q3 2016 vs. Q3 2015, amounting to €501m. Economic growth [1] stands at  +5.1%, a record for a 3 rd quarter, and organic growth [2] at +3.7% over the period.

Commenting on the Group's Q3 2016 revenues, Altran Chairman and Chief Executive Officer Dominique Cerutti declared: "Once again, Altran turned in a very satisfying performance this quarter, with strong dynamics  in France, Iberia and the UK, where the Group recorded economic growth rates above 5%. We are focused on delivering our Altran 2020. Ignition plan and the performance recorded this quarter bodes well for the future."                                                                                                                                                                                                                

(in millions of euros) Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016  
Revenues, excluding contributions
from companies acquired and/or divested
Contribution of companies acquired and/or
divested (B)
total REVENUES (a)+(b) 470.2 520.5 522.4 535.2 500.9  

Geographic breakdown for Q3 2016 performance:

  • France : +4.6% (+5.8% economic growth), driven by the continued  growth dynamics of the automotive, aeronautics and life sciences industries.
  • Southern Europe : +5.6% (+7.4% economic growth), Iberia continuing its dynamics and Italy managing contextual business transition.
  • Northern Europe : +4.8% (+1.3% economic growth), with significant sequential improvement in Germany, and turnaround on track.
  • Rest of the World: +29.2% (+8.8% economic growth), with India continuing to show double digit economic growth.

In October, Altran announced the acquisitions of BENTELER Engineering and SWELL, rebuilding the Group's capacity and capabilities in Germany, and marking the beginning of the investment phase of its turnaround plan in this priority market. The closing of BENTELER Engineering acquisition is expected to take place at the end of the year while the company expects to be in a position to close the SWELL acquisition shortly.

Trends in invoicing rate

The invoicing rate of the Group came in at 87.5% for Q3 2016  (compared with 87.2% at the same period last year).

Trends in staff levels

As of 30 September 2016, the Group's total headcount stood at 28,467 employees, compared with 27,150 at the end of June 2016, and 24,903 a year ago. 


Based on the information currently at its disposal, Altran expects 2016 to be another year of profitable growth.

Financial calendar

27 January 2017: Q4 2016 revenues
9 March 2017: 2016 annual results

About Altran

As a global leader in Engineering and R&D services (ER&D), Altran offers its clients a new way to innovate by developing the products and services of tomorrow. Altran works alongside its clients on every link in the value chain of their project, from conception to industrialization. For over thirty years, the Group has provided its expertise to key players in the Aerospace, Automotive, Defence, Energy, Finance, Life Sciences, Railway, and Telecoms sectors, among others. In 2015, the Altran group generated revenues of €1.945bn. With a headcount of more than 28,000 employees, Altran is present in more than 20 countries.
Read all our news on the Altran press hub


Altran Group
Albin Jacquemont
Executive Vice-President and CFO
Tel: + 33 (0)1 46 41 71 89

Marine Boulot
Group Vice-President Communications
Tel: + 33 (0)1 46 41 71 73

Press relations
Candice Baudet Depierre, directeur conseil
Tel: +33 (0)1 44 50 51 71

Anne Vernois, directeur associé
Tel: + 33 (0)1 44 50 51 75

Follow-us on Twitter: @Altran #Altran2020        

This press release contains forward-looking statements (as defined in the United States Private Securities Litigation Reform Act, as amended) based upon current management expectations. Numerous risks, uncertainties and other factors (including, risks relating to: government legislation affecting our businesses; competition; our ability to manage rapid technological change in the industries in which we compete; litigation risks, labour issues; unanticipated costs from disposals or restructuring) may cause actual results to differ materially from those anticipated, projected or implied in or by the forward-looking statements. Many of the factors that will determine our future results are beyond our ability to control or predict. These forward-looking statements are subject to risks and uncertainties and, therefore, actual results may differ materially from our forward-looking statements. You should not place undue reliance on forward-looking statements which reflect our views only as of the date of this presentation. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

[1] Economic growth = organic growth restated for the change in the number of working days

[2] Organic growth = like-for-like growth at constant exchange rates

Altran Q3 2016 revenues

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: ALTRAN TECHNOLOGIES via GlobeNewswire