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Over the past twenty years ALTEN Group has won its clients' trust through its ability to support them on ever more strategic and complex projects. 3,000 engineers joined the Group's workforce in 2008 (850 after the impact of turnover) as well as 1,100 consultants gained through 8 acquisitions, 5 of which took place overseas. In this promising and competitive market,ALTEN has captured market share mainly in the Energy, Rail, Aeronautical and Banking sectors. * Founded in 1988 by three engineers with degrees from top engineering schools, over the past 20 years ALTEN has become the key technological partner for the largest European companies.
Operating profit remained above 11%, holding steady at a very high level and continuing to lead its market thanks to a strong activity ratio (94%). ALTEN Group has endured constant pressure on its rates, stress on its employees due to the lack of engineers and the consolidation of acquired companies with weak profitability. Thanks to its complete control of fixed costs, operating profit increased by 15% to €97.2 million, i.e. 11.5% of turnover.
ALTEN Group has strengthened its position in consulting, but has also consolidated its project management, work package and fixed-price packages. With nearly 11,300 employees including 88% of enfineers and consultants at the end of 2009, ALTEN remains the European leader in Technology Engineering and Consulting.
The ALTEN Group has the strongest possible foundation from which to confront the current crisis. 2009 will be marked by a drop in our customers' activities, mainly in the automotive sector. Nevertheless, due to a multi-sector presence and a wide range of skills, this decline in activity will remain under control thanks to demand in the Energy, Rail, Aeronautics and Defence sectors. At the same time, we want to continue our growth by taking advantage of opportunities for acquisitions in promising sectors and by strengthening our multi-specialist position.
"We remain confident in the strength of the ALTEN model and in our ability to build a competitive future with our customers, building innovative products and competitiveness. We will remain practical and cautious throughout this period, and we are determined to fully contribute to the economic recovery."
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