AeronauticsResults third quarter 2025
– 1,3 %
Business at the end of september 2025
– 5,2 %
Organic decline
3
International acquisitions
BUSINESS AT THE END OF SEPTEMBER 2025: – 1.3%
As of end-September, business activity declined by -1.3%: +4.0% in France, -3.9% outside France. On a like-for-like and constant currency basis, the decline is -5.2% (-4.0% in France and -5.8% outside France).
In the third quarter, ALTEN generated revenue of €991.9 million, down 1.7% compared to Q3 2024. On a Like‐for‐like basis, organic decline was -4.5%: -3.4% in France and -5.0% outside France.
The decrease in activity is mainly due to a sharp drop in the Automotive sector, and to a lesser extent, in Telecom, Other Industries, Electronics, and the Public sector. Activity continues to grow significantly in the Defense & Security/Naval, Energy, and Rail sectors.
Southern Europe continues to grow, Eastern Europe remains stable, while other regions are declining.
EXTERNAL GROWTH: 3 INTERNATIONAL ACQUISITIONS
US & India: Acquisition of a company specializing in CRO, (Revenue: €7.5M, 120 consultants).
India: Acquisition of a company specializing in embedded software, mainly for automotive, (Revenue: €5.2M, 270 consultants).
Spain & South America: Acquisition of a company specializing in Digital Transformation, (Revenue: €19M, 300 consultants).
OUTLOOKS 2025
The third quarter of 2025 continues the slowdown that began in the second half of 2023. The macroeconomic environment remains uncertain, and no tangible signs of recovery have been observed, despite some positive signals from certain clients for 2026.
In this unchanged context, ALTEN confirms its forecast for organic decline between 5.2% and 5.5% for the full year 2025, as well as its estimate for an operating margin of 8%–8.1% of revenue.
APPOINTMENT OF CYRIL MALARGÉ AS GROUP CHIEF EXECUTIVE OFFICER
Simon Azoulay and the Board of Directors are pleased to announce that Cyril Malargé will take up his position as Chief Executive Officer of the Group on 17 November 2025.
FINANCIAL CALENDAR
Publication of Q4 2025 activity: Thursday, January 29, 2026