Declared Dividend • May 20
Dividend of €1.50 announced Dividend of €1.50 is the same as last year. Ex-date: 22nd June 2026 Payment date: 24th June 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 85% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • May 07
Alten S.A., Annual General Meeting, Jun 18, 2026 Alten S.A., Annual General Meeting, Jun 18, 2026. Location: 28 avenue andre morizet, boulogne billancourt France Tillkännagivande • Oct 24
Alten S.A. to Report Q4, 2025 Results on Jan 29, 2026 Alten S.A. announced that they will report Q4, 2025 results on Jan 29, 2026 Tillkännagivande • May 02
Alten S.A., Annual General Meeting, Jun 12, 2025 Alten S.A., Annual General Meeting, Jun 12, 2025. Location: 28 avenue andre morizet, boulogne billancourt France Tillkännagivande • Apr 30
Alten S.A. announces Annual dividend, payable on June 18, 2025 Alten S.A. announced Annual dividend of EUR 1.5000 per share payable on June 18, 2025, ex-date on June 16, 2025 and record date on June 17, 2025. Tillkännagivande • Dec 02
Alten S.A. (ENXTPA:ATE) completed the acquisition of Wordgrid Solutions Limited from Atos SE (ENXTPA:ATO). Alten S.A. (ENXTPA:ATE) signed a Share and Asset Purchase Agreement to acquire Worldgrid Solutions Limited from Atos SE (ENXTPA:ATO) for an enterprise value of €270 million on November 5, 2024.
For the year ended on December 31, 2023, Worldgrid Solutions realized revenue of €170 million. The necessary social processes with employee representative bodies have been finalized, and regulatory approvals have been obtained.
The transaction is expected to close before the end of 2024.
Alten S.A. (ENXTPA:ATE) completed the acquisition of Wordgrid Solutions Limited from Atos SE (ENXTPA:ATO) on December 2, 2024. Tillkännagivande • Nov 05
Alten S.A. (ENXTPA:ATE) signed a Share and Asset Purchase Agreement to acquire Worldgrid Solutions Limited from Atos SE (ENXTPA:ATO) for €270 million. Alten S.A. (ENXTPA:ATE) signed a Share and Asset Purchase Agreement to acquire Worldgrid Solutions Limited from Atos SE (ENXTPA:ATO) for €270 million on November 5, 2024.
The necessary social processes with employee representative bodies have been finalized, and regulatory approvals have been obtained.
The transaction is expected to close before the end of 2024. Tillkännagivande • Oct 25
Alten S.A. to Report Fiscal Year 2024 Results on Feb 21, 2025 Alten S.A. announced that they will report fiscal year 2024 results at 5:40 PM, Central European Standard Time on Feb 21, 2025 Reported Earnings • Sep 22
First half 2024 earnings released: EPS: €3.40 (vs €3.25 in 1H 2023) First half 2024 results: EPS: €3.40 (up from €3.25 in 1H 2023). Revenue: €2.11b (up 2.9% from 1H 2023). Net income: €118.2m (up 6.4% from 1H 2023). Profit margin: 5.6% (up from 5.4% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Tillkännagivande • Sep 20
Alten S.A. to Report Q3, 2024 Results on Oct 24, 2024 Alten S.A. announced that they will report Q3, 2024 results After-Market on Oct 24, 2024 Upcoming Dividend • Jun 17
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 24 June 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • May 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €118. The fair value is estimated to be €149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: €6.80 (vs €13.46 in FY 2022) Full year 2023 results: EPS: €6.80 (down from €13.46 in FY 2022). Revenue: €4.07b (up 7.6% from FY 2022). Net income: €233.2m (down 49% from FY 2022). Profit margin: 5.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 26
Full year 2023 earnings released Full year 2023 results: Revenue: €4.07b (up 7.6% from FY 2022). Net income: €233.2m (down 49% from FY 2022). Profit margin: 5.7% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Tillkännagivande • Nov 07
Alten S.A. (ENXTPA:ATE) acquired East Japan Institute of Technology Co.,Ltd. from Ant Bridge No.4-A Private Equity Secondary Investment Fund, Limited Partnership, managed by Ant Capital Partners Co., Ltd. Alten S.A. (ENXTPA:ATE) acquired East Japan Institute of Technology Co.,Ltd. from Ant Bridge No.4-A Private Equity Secondary Investment Fund, Limited Partnership, managed by Ant Capital Partners Co., Ltd. on October 31, 2023. East Japan Institute of Technology has reported sales of ¥6.33 billion for year ending June 2023.
Alten S.A. (ENXTPA:ATE) completed the acquisition of East Japan Institute of Technology Co.,Ltd. from Ant Bridge No.4-A Private Equity Secondary Investment Fund, Limited Partnership, managed by Ant Capital Partners Co., Ltd. on October 31, 2023. Tillkännagivande • Oct 13
Alten S.A. to Report Q4, 2023 Results on Jan 25, 2024 Alten S.A. announced that they will report Q4, 2023 results on Jan 25, 2024 Reported Earnings • Sep 26
First half 2023 earnings released: EPS: €3.25 (vs €4.09 in 1H 2022) First half 2023 results: EPS: €3.25 (down from €4.09 in 1H 2022). Revenue: €2.05b (up 12% from 1H 2022). Net income: €111.1m (down 20% from 1H 2022). Profit margin: 5.4% (down from 7.6% in 1H 2022). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is forecast to decline by 9.3% per annum over the same time period. Buying Opportunity • Aug 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €157, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is forecast to decline by 9.9% per annum over the same time period. Tillkännagivande • Aug 03
Alten S.A. (ENXTPA:ATE) acquired Accord Global Technology Solutions Private Limited from Accord Group. Alten S.A. (ENXTPA:ATE) acquired Accord Global Technology Solutions Private Limited from Accord Group on August 2, 2023.Alten S.A. (ENXTPA:ATE) completed the acquisition of Accord Global Technology Solutions Private Limited from Accord Group on August 2, 2023. Upcoming Dividend • Jun 27
Upcoming dividend of €1.50 per share at 1.1% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 06 July 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.3%). Reported Earnings • Feb 27
Full year 2022 earnings released Full year 2022 results: Revenue: €3.78b (up 29% from FY 2021). Net income: €457.6m (up 120% from FY 2021). Profit margin: 12% (up from 7.1% in FY 2021). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the IT industry in Germany. Tillkännagivande • Jan 07
Alten S.A. (ENXTPA:ATE) completed the acquisition of QUALITANCE. Alten S.A. (ENXTPA:ATE) signed an agreement to acquire QUALITANCE from the owners Radu Constantinescu and Ioan Iacob on September 28, 2022. The transaction is subject to approval from the Romanian Competition Authority, the anti-trust body of Romania. The transaction is expected to close by the end of 2022. As a result of the transaction, ALTEN Group is expecting to reinforce its presence in Romania as well as increase its capabilities in serving clients across Central and Eastern Europe. Alina Stavaru and Cezara Urzica of Radu Taracila Padurari Retevoescu SCA acted as the legal advisor to QUALITANCE. Accendo (Romania) acted as the financial advisor to QUALITANCE. The acquisition has been approved by the Romanian Competition Council.
Alten S.A. (ENXTPA:ATE) completed the acquisition of QUALITANCE on January 3, 2023. Buying Opportunity • Dec 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.5%. The fair value is estimated to be €149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings is also forecast to grow by 6.3% per annum over the same time period. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Maryvonne Labeille was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Sep 30
Alten S.A. (ENXTPA:ATE) signed an agreement to acquire QUALITANCE from the owners Radu Constantinescu and Ioan Iacob. Alten S.A. (ENXTPA:ATE) signed an agreement to acquire QUALITANCE from the owners Radu Constantinescu and Ioan Iacob on September 28, 2022. The transaction is subject to approval from the Romanian Competition Authority, the anti-trust body of Romania. The transaction is expected to close by the end of 2022. As a result of the transaction, ALTEN Group is expecting to reinforce its presence in Romania as well as increase its capabilities in serving clients across Central and Eastern Europe. Alina Stavaru and Cezara Urzica of Radu Taracila Padurari Retevoescu SCA acted as the legal advisor to QUALITANCE. Accendo (Romania) acted as the financial advisor to QUALITANCE. Reported Earnings • Sep 24
First half 2022 earnings released: EPS: €0 (vs €2.64 in 1H 2021) First half 2022 results: EPS: €0. Revenue: €1.83b (up 31% from 1H 2021). Net income: €139.0m (up 56% from 1H 2021). Profit margin: 7.6% (up from 6.4% in 1H 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Upcoming Dividend • Jun 20
Upcoming dividend of €1.30 per share Eligible shareholders must have bought the stock before 27 June 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (1.6%). Tillkännagivande • May 24
Alten S.A. (ENXTPA:ATE) agreed to acquire Methods Corporate Limited. Alten S.A. (ENXTPA:ATE) agreed to acquire Methods Corporate Limited on May 23, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Maryvonne Labeille was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 27
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: €2.93b (up 25% from FY 2020). Net income: €207.9m (up 112% from FY 2020). Profit margin: 7.1% (up from 4.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 16% growth forecast for the industry in Germany. Tillkännagivande • Feb 02
Alten S.A. (ENXTPA:ATE) acquired CleverTask Solutions SL. Alten S.A. (ENXTPA:ATE) acquired CleverTask Solutions SL on January 30, 2022.
Alten S.A. (ENXTPA:ATE) completed the acquisition of CleverTask Solutions SL on January 30, 2022. Reported Earnings • Sep 24
First half 2021 earnings released: EPS €2.64 (vs €1.80 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: €1.40b (up 13% from 1H 2020). Net income: €89.3m (up 47% from 1H 2020). Profit margin: 6.4% (up from 4.9% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improved over the past week After last week's 16% share price gain to €134, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 28x in the IT industry in Germany. Total returns to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €83.40 per share. Upcoming Dividend • May 26
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 04 June 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.2%). Tillkännagivande • Mar 10
Alten S.A., Annual General Meeting, May 28, 2021 Alten S.A., Annual General Meeting, May 28, 2021. Reported Earnings • Feb 27
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €2.33b (down 11% from FY 2019). Net income: €98.0m (down 40% from FY 2019). Profit margin: 4.2% (down from 6.3% in FY 2019). The decrease in margin was driven by lower revenue. Analyst Estimate Surprise Post Earnings • Feb 27
Revenue misses expectations Revenue missed analyst estimates by 0.1%. Over the next year, revenue is forecast to grow 8.0%, compared to a 12% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Feb 25
New 90-day low: €85.65 The company is down 8.0% from its price of €92.70 on 27 November 2020. The German market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.43 per share. Tillkännagivande • Jan 16
Alten S.A. (ENXTPA:ATE) acquired ITSector - Sistemas de Informacao, S .A. Alten S.A. (ENXTPA:ATE) acquired ITSector - Sistemas de Informacao, S .A. n January 14, 2020. Renato Oliveira will continue to lead ITSector. The entire executive team of ITSector will remain in office, with Renato Oliveira as Chief Executive Office of the company.
Alten S.A. (ENXTPA:ATE) completed the acquisition of ITSector - Sistemas de Informacao, S .A. n January 14, 2020. Is New 90 Day High Low • Dec 19
New 90-day high: €96.80 The company is up 33% from its price of €72.80 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €37.81 per share. Tillkännagivande • Nov 14
Alten S.A. (ENXTPA:ATE) acquired SDG group. Alten S.A. (ENXTPA:ATE) acquired SDG group on November 13, 2020. SDG group achieved a revenue of €76 million in 2020 with an operating profitability over 10%.
Alten S.A. (ENXTPA:ATE) completed the acquisition of SDG group on November 13, 2020. Valuation Update With 7 Day Price Move • Nov 13
Market bids up stock over the past week After last week's 16% share price gain to €85.80, the stock is trading at a trailing P/E ratio of 20.3x, up from the previous P/E ratio of 17.5x. This compares to an average P/E of 28x in the IT industry in Germany. Total returns to shareholders over the past three years are 24%. Valuation Update With 7 Day Price Move • Nov 11
Market bids up stock over the past week After last week's 24% share price gain to €87.35, the stock is trading at a trailing P/E ratio of 20x, up from the previous P/E ratio of 16.1x. This compares to an average P/E of 28x in the IT industry in Germany. Total returns to shareholders over the past three years are 24%. Is New 90 Day High Low • Nov 11
New 90-day high: €87.35 The company is up 25% from its price of €69.85 on 12 August 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €33.30 per share. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 18% share price decline to €66.60, the stock is trading at a trailing P/E ratio of 15.9x, down from the previous P/E ratio of 19.4x. This compares to an average P/E of 24x in the IT industry in Germany. Total return to shareholders over the past three years is a loss of 9.4%. Reported Earnings • Sep 27
First half earnings released Over the last 12 months the company has reported total profits of €148.5m, down 6.8% from the prior year. Total revenue was €2.57b over the last 12 months, up 4.4% from the prior year. Tillkännagivande • Sep 18
Alten S.A. (ENXTPA:ATE) acquired Ap Solutions Co.,Ltd. Alten S.A. (ENXTPA:ATE) acquired Ap Solutions Co.,Ltd on September 17, 2020. Equiteq acted as M&A and strategic advisor to Alten in the transaction.
Alten S.A. (ENXTPA:ATE) completed the acquisition of Ap Solutions Co.,Ltd on September 17, 2020. 
