- A solid set of results:
- Revenues: €2,282.2m (+10.0% reported and +5.6% economic growth y/y )
- EBIT: €246.3m (+13.6% y/y), margin of 10.8% of revenues
- Net income from continued operations: €139.7m (+15.3% y/y)
- Free Cash Flow: €118.1m in 2017, 5.2% of revenues
- EPS: €0.81 per share (+15.7% y/y)
- Proposed dividend: €0.24 per share, subject to shareholders’ approval
Our 2017 Full Year results demonstrate first and foremost the effectiveness of our model and, as we continue to transform Altran, we are reaching record levels of financial performance. We have a solid foundation on which to build with Aricent and set new standards for the global ER&D industry. In 2018 we look forward to addressing the technological and innovation transformation needs of our clients with an undisputed value proposition. Dominique Cerutti Altran Chairman and Chief Executive Officer
Over the year 2017, Altran delivered consolidated revenues of €2,282.2m, up +10.0% year on year, with an organic growth of +4.8% and an economic growth of +5.6%.
The Group’s EBIT came in at €246.3m, representing a solid 10.8% margin, or a 13.6% increase compared to 2016. Noticeably this margin expansion was achieved in a year characterized by strong headwinds (among which the lower number of working days and forex impact), demonstrating the strength of Altran’s business model.
The Group’s non-recurring expenses included restructuring cost (€17.2m this year, down from €18.2m in 2016), litigation costs (€8.6m, compared to a positive €2.0m in 2016, related to a legacy overtime litigation which the Group has appealed), and M&A costs (€13.2m mainly due to the Aricent acquisition, vs. €5.5m last year).
As a result, the Group’s net income from continued operations increased by 15.3%, to €139.7m up from €121.2m in 2016.
EPS on continued operations increased by 15.7%, from €0.70 to €0.81.