Alten (OTCPK:ABLGF)
$ 152.26 0 (0%) Market Cap: 2.94 Bil Enterprise Value: 3.00 Bil PE Ratio: 11.29 PB Ratio: 1.28 GF Score: 99/100

Q1 2019 Alten SA Corporate Sales Call Transcript

Apr 24, 2019 / NTS GMT
Operator

Welcome to the Alten conference about the turnover of the first quarter 2019. I'm going to give the floor to Bruno Benoliel, Deputy Chief Executive Officer. You've got the floor.

Bruno Benoliel
Alten SA - Deputy CEO

Good evening. Thank you all for attending this telephone conference relating to the activity of Alten in the first quarter of 2019. You must have all received the press release that we have published about an hour ago. As you may have noted, the beginning of 2019 was dynamic and continuity of last year in France and abroad. We have experienced a satisfactory quarter regarding recruitment, the turnover stayed stable around 25%. The activity rate is a bit less than last years, 91.9% for Q1, we were at 90.3% in 2018. We recruited a number of engineers, and we had a number of recruitments in Germany and Belgium. There were also some delays in the start of some projects and turnover in the first quarter 2019 is EUR 643 million increasing by 17.5% in comparison with 2018, it was EUR 547.4 million.

In France, business is increasing by 12.5%, outside

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