Curious about Alten net worth in 2024? Here at Ando Money, I’ll walk you through Alten’s current market cap and provide a comprehensive look at their financial performance, including revenue, equity, and profitability.
Let’s explore what makes Alten stand out in the engineering and technology consulting sector.
Quick Facts
| Fact | Detail |
|---|---|
| Name | Alten Group |
| Full Name | Alten Group |
| Industry | Engineering and Technology Consulting (ETC) |
| Traded as | Euronext Paris, Compartment A |
| ISIN | FR 0000071946 |
| Founded | 1988 |
| Founders | Simon Azoulay |
| Country/Territory | France |
| Headquarters | Boulogne-Billancourt, France |
| Chief Executive Officer | Simon Azoulay |
| Number of Employees | 58,300 as of H1 2024 |
| Market Cap | $3.98 billion |
| Total Assets | €3,498.5 million ($3,710.3 million) |
| Total Equity | €2,125.8 million ($2,255.2 million) |
| Revenue | €2,108.0 million ($2,236.4 million) |
| Net Income | €118.2 million ($125.4 million) |
What is the Net Worth/Market Cap Of Alten in 2024?
As of September 2024, Alten‘s net worth, reflected in its market cap, stands at $3.98 billion. This valuation places Alten as one of the substantial players in the engineering and technology consulting industry.
The market cap represents the total value of its outstanding shares and indicates its standing in comparison to peers in the same industry.
Alten’s current market position is strong but not at the top tier when compared to some of the richest companies globally.
Here are a few companies related to Alten that serve as its competitors or partners:
- Thales
- Safran
- Airbus
- Dassault Aviation
- Siemens
- Technip
- Ericsson
- Orange
- Nokia
- Rolls-Royce
Alten’s current valuation and consistent growth in assets and revenues have positioned it well within its sector. This data should be considered when evaluating its financial standing for 2024.
Financial Performance Overview
Revenue and Growth Strategy
For the first half of 2024, Alten recorded a revenue of €2,108.0 million ($2,236.4 million). This revenue represents an increase from H1 2023, where the company saw €2,047.9 million in revenue.
The growth is attributed mainly to an increase in international contracts, which now contribute 67.2% of total revenue. The remaining 32.8% comes from France. Growth in international revenue is driven by demand in the engineering services sector, which contributes 73% to Alten’s overall business.
Alten’s strategic expansion has been marked by acquisitions in Asia and Poland in H1 2024, further supporting their push into the IT services sector, contributing 27% of overall revenue.
These acquisitions included a company specializing in software development in Vietnam/Japan and an IT services company in Poland.
Operating Profit and Cash Flow
Alten’s operating profit for H1 2024 was €177.2 million ($188.1 million), reflecting a slight decline compared to the €188.0 million from H1 2023. The company faced challenges such as increased SG&A costs and a lower activity rate compared to the previous year.
Despite these setbacks, Alten maintained an operating cash flow of €177.9 million ($189.2 million), representing 8.4% of revenue, which showcases resilience in their financial operations.
The free cash flow for H1 2024 was €98.0 million ($103.9 million), which accounts for 4.6% of the revenue.
This level of free cash flow allows Alten to self-finance growth strategies such as acquisitions, as well as pay dividends to shareholders.
Equity and Liabilities
As of June 2024, Alten’s total equity stood at €2,125.8 million ($2,255.2 million), while total assets amounted to €3,498.5 million ($3,710.3 million).
This demonstrates the company’s strong asset base relative to its liabilities. Alten’s gearing ratio is at -12.6%, indicating a conservative leverage position, which is healthy for long-term sustainability.
The company’s current assets were valued at €1,840.3 million ($1,951.8 million), which includes €1,323.1 million in customer receivables.
On the liabilities side, non-current liabilities amounted to €260.8 million ($276.6 million), while current liabilities were €1,111.8 million ($1,179.1 million).
Alten’s liquidity is evident in its net cash position of €323.4 million ($343.0 million) as of June 2024.
Market Position and Sector Breakdown
Alten is primarily involved in Engineering Services and IT Services. The engineering segment contributes 73% of revenue, focusing on sectors such as Automotive, Rail, Aerospace, Defense, and Energy.
The IT services side, contributing 27% of the revenue, supports industries like Telecom, Retail, Banking, and Public Sector.
In terms of market breakdown, Alten’s largest sectors include Automotive, Rail, Aerospace, and Defense at 29.9%, followed by Energy, Life Sciences & Industrial Equipment at 25.8%.
The Telecom sector makes up 9.2%, while Bank, Finance & Insurance stands at 8.4%.
Strategic Outlook
Moving forward, Alten is pursuing a targeted acquisition strategy to enhance its market share in high-potential regions like the USA, Germany, and Japan.
By 2027, the company aims to increase its engineering workforce to over 70,000 employees and further grow its presence in software development and AI technologies.
Alten’s growth strategy also includes expanding its ODC (Offshore Development Centers) from the current 10,000 engineers to 20,000, helping to optimize costs and increase delivery capacity.
This strategic move will enhance their international standing and leverage nearshore and offshore models to maintain competitiveness.
FAQs About Alten
Who is the CEO of Alten Group?
The CEO of Alten Group is Simon Azoulay, who also founded the company. His leadership is a significant factor behind Alten’s international expansion and financial performance.
How many employees does Alten have?
As of the first half of 2024, Alten employs 58,300 individuals. This workforce includes a large proportion of engineers, showcasing the company’s strength in the engineering and technology consulting sector.
What are Alten’s main sources of revenue?
Alten generates 73% of its revenue from Engineering Services and 27% from IT Services. Major sectors include Automotive, Rail, Aerospace, Defense, Energy, and Telecom.
Where is Alten Group headquartered?
Alten Group’s headquarters is located in Boulogne-Billancourt, France. This location places it at the center of European engineering and technology consulting activities.
What acquisitions did Alten make in 2024?
In the first half of 2024, Alten acquired a software development company in Vietnam/Japan and an IT services company in Poland. These acquisitions are part of Alten’s international growth strategy.
Conclusion
If you’re interested in Alten’s financial journey or want to compare it with other industry players, feel free to share your thoughts in the comments or explore more on our website.
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