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 2020 Alten SA Earnings Call Transcript

Apr 24, 2020 / NTS GMT
Release Date Price: $115
Operator

So welcome to the conference, Alten, about the turnover for the first quarter 2020.

Now I'm going to give the floor to Mr. Bruno Benoliel, the Deputy General Manager. You have the floor, sir.

Bruno Benoliel
Alten S.A. - Deputy CEO & COO

Yes, good afternoon. So good afternoon to all of you. Thank you for participating in that conference call regarding the activity of the first quarter 2020. That first quarter was affected by the beginning of the health crisis in China in February, and in Europe mid-March, and in the U.S. That unprecedented crisis worse than the one in 2008 has led to suspensions of projects. Sometimes it was massive in some areas, but not so massive in other areas.

The figures that I'm going to present now are an evidence of that, but they don't make it possible to draw conclusions about the trends per sectors of activity or geographies. After the lockdown that had to be managed in China with a limited impact on the group activity. The turnover was EUR 32 million in 2019 in China. The lockdown measures in Europe have led to

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