Alten S.A. (0O1S) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening. Thank you everyone. Thank you for attending this audio call, Alten, about the revenue at the end of November 2025. The activity is the same as what we've commented last month during the quarterly activity results. The activity has simply eroded a little bit more. There are no further news that would counter or even modify the comments that we made in September. At the end of September 2025, the revenue was 3 billion euros, down 3% compared to last year. In France, the activity is up 4% and outside of France, it's down 3.9%. On a like-for-like basis, the activity is down 5.2% as anticipated and down 4% in France and 5.8% outside of France. as you probably know the activity was sanctioned by 1.5 opening days than last year in the first quarter for a 0.6 impact on organic growth at the end of september 2025 so our organic negative growth is 4.6% on a like-for-like opening days. The revenue is down 1.7%, 991.9 million euros compared to 2024. Our activity is 4.5% down on a like-for-like, 5% outside of France, and 3.5% down in France. The headcount of the group has continued to decline on a like-for-like basis. At the end of September 2025, we had 57,000 employees, 51,100 were engineers, 57,000 at the end of 2024 outside of work grid, and 55,900 employees, 51,000 140 of them are engineers in 2024. Out of the 340 engineers that we have, 32,000 of them are outside of France. On a like-for-like basis, since the beginning of the year, the engineer count have been down 281 people in France and 500 approximately outside of France. In France, the organic decline is 4%. The activity was impacted by the automotive sector, down 22% year-on-year. Telecommunication, down 20%, and banking, down 20%. Aeronautics remain stable. Defense sector is up 12%, and railway up 6%. T...