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ALTRAN TECHNOLOGIES : ALTRAN TECHNOLOGIES: Record results and strategic reinforcement in Germany thanks to acquisition of

   ALTRAN TECHNOLOGIES : ALTRAN TECHNOLOGIES: Record results and strategic
       reinforcement in Germany thanks to acquisition of IndustrieHansa

Press release
14/03/2013

2012 results

Record results and strategic reinforcement in Germany thanks to acquisition of
IndustrieHansa



In accordance with IFRS standards, the  results of Arthur D. Little  (divested 
in December 2011) are  no longer included  in Altran's consolidated  revenues. 
The Group's 2011 sales have been restated to take this factor into account.

  oOperating income on ordinary operations of €125m, equivalent to 8.6% of
    sales (+10% vs. 2011)
  oNet Earnings of €65m and EPS of €0.45
  oGearing less than 1x for the first time since the adoption of IFRS
    standards*

*2005
Commenting on Altran's 2012 results, Philippe Salle, Group Chairman and Chief
Executive, stated, "Altran's 2012 results confirm the recovery initiated by
the Group at the beginning of 2011. This good performance bears out the
strategic choices made by management 18 months ago and underscores our
confidence in the Group's ability to achieve the financial objectives set out
in the 2012-2015 strategic plan. Despite the harsh economic environment, the
Group has proved its resilience and its ability to seize growth opportunities
thanks to its R&D and innovation positioning together with international
stamp. Stronger-than-expected cash generation in 2012 is indeed reassuring and
makes us confident with regard further external growth operations after the
finalisation of the IndustrieHansa acquisition in Germany in February 2013."



(€m)                                             2011 H1 2012 H2 2012    2012
Revenues                                       1,419.5   732.6   723.3 1,455.9
Gross margin                                     406.7   200.2   213.9   414.1
As % of sales                                    28.7%   27.3%   29.6%   28.4%
Indirect costs                                 (293.6) (144.8) (144.7) (289.5)
Operating income on ordinary activities          113.1    55.4    69.2   124.6
As % of sales                                     8.0%    7.6%    9.6%    8.6%
Other non-recurring operating income and        (47.3)   (2.4)   (7.7)  (10.1)
expenses
Goodwill impairment & assimilated               (15.0)           (3.5)  (3.5)
Operating income                                  50.8    53.0    58.0   111.0
Financial expenses                              (27.8)   (8.1)  (12.5)  (20.6)
Tax income/charges                              (17.6)  (12.3)  (11.0)  (23.3)
Net income before discontinued operations          5.3    32.6    34.5    67.1
Net income/loss on discontinued operations      (50.5)   (2.4)   (0.1)   (2.5)
Minority interests                               (0.3)
Net profit/(loss)                               (45.5)    30.2    34.4    64.6
EPS (€)                                         (0.32)    0.21    0.24    0.45

2012 results

Altran's accounts for the fiscal year ended 31 December 2012 were approved  by 
the Board of Directors on 13 March 2013.
In accordance with the AMF recommendation of 5 February 2010, please note that
the consolidated accounts have  been audited and  the certification report  is 
being prepared.

Consolidated 2012 revenues came out at €1,456m, vs. €1,420m in 2011,  implying 
organic growth of 4.3% and economic  growth^[1] of 3.6%. All geographic  zones 
contributed to  growth. Business  was particularly  brisk in  Northern  Europe 
(+6.3%) and the  RoW zone  (+46%), where  growth was  underpinned by  Altran's 
activities in the US nuclear sector. French operations also reported growth (+
2.7%) and revenues  in Southern Europe  (Spain, Italy and  Portugal) edged  up 
1.5%.Performances by operating segment are available on the Group's website.

Operating income on ordinary activities came out at €125m, equivalent to 8.6%
of sales vs. €113m (8.0%) in 2011. Profitability was enhanced by brisker sales
(reflecting the success of the strategy announced at end-2011), coupled with
tight management of indirect costs which narrowed steadily throughout the
year. As such, overheads accounted for less than 20.0% of sales (19.9%) at
end-2012, vs. 20.7% in 2011 and 21.8% in 2010.

Financial expenditure  also improved  significantly,  narrowing €7m  over  the 
period to -€21m due to a reduction in net debt and the expiry at the beginning
of 2012 of interest-rate hedging instruments contracted in 2008.

Factoring in the  above elements,  net income  before discontinued  operations 
increased to €67m, an improvement of €62m vs. 2011.

Net income attributable to  the Group stood  at €65m compared  with a loss  of 
€46m in 2011 due to a capital loss incurred on the disposal of Arthur D Little
in 2011.

Net debt and Gearing

In 2012, the Group pursued its strategy of paying down debt and  strengthening 
its financial structure, and generated Free Cash Flow^[2] of €50m,  equivalent 
to 3.4% of sales.
As such, in  line with  the priorities  set out  in the  strategic plan,  cash 
generated in 2012  enabled the  Group to reduce  its net  financial debt  from 
€170m in 2011 to €140m in 2012, implying an improvement of nearly €30m.
Enhanced profitability and the reduction in financial net debt therefore  made 
for a further improvement  in gearing^[3] from 1.24  at end-2011 to 0.99,  the 
best performance since the adoption of IFRS.
Total net debt (after  employee profit-sharing, interest and  convertible-bond 
amortisation) now stands at €169m, vs. €195m at end-2011.

Outlook

Altran's financial  performance  in  2012  was in  line  with  the  guidelines 
presented in the 2012-2015 strategic plan. Similarly, despite the current weak
economy, Altran should be able to persue profitable growth in 2013.

About Altran

As European leader in innovation and high tech engineering consulting,  Altran 
accompanies its clients in the creation and development of their new  products 
and services. Altran's Innovation Makers^[4] have been providing services  for 
thirty years to key  players in the  Aerospace, Automotive, Energy,  Railways, 
Finance, Healthcare  and Telecoms  sectors. Covering  every stage  of  project 
development from strategic planning through to manufacturing, Altran's  offers 
capitalise on the group's  technological know-how in  four key areas:  Product 
Lifecycle Management, Mechanical Engineering, Embedded & Critical Systems, and
IT Systems.
In 2012, the Group  generated revenues of  €1456m. Altran now  has a staff  of 
20,000 employees in more than 20 countries.
www.altran.com.

Investor relations            Financial press relations
Altran Group                  Publicis Consultants
Philippe Salle                Véronique Duhoux
Chairman and Chief Executive  Tel: 01 44 82 46 33
Tel: 01 46 41 71 89           veronique.duhoux@consultants.publicis.fr

Olivier Aldrin                Caroline Decaux
Senior Vice-President and CFO Tel: 01 44 82 46 38
Tel: 01 46 41 72 16           caroline.decaux@consultants.publicis.fr
comfi@altran.com

Financial calendar

 30th April 2013 2013 1st quarter revenues
 28th June 2013 2013 Annual General Meeting
 30th July 2013 2013 2nd quarter revenues
 5th September 2013 2013 Half-year results
 31st October 2013 2013 3rd quarter revenues

-------------------------

[1]Economic growth = organic growth restated for the forex impact and the
change in the number of working days

[2]Free cash Flow = (Ebit + depreciation & amortisation) - exceptional costs
- tax- changes in WCR - Capex +/-WCR

[3]Gearing = Net financial debt / (Ebit + depreciation & amortisation)



[4]Altran Group employees

2012 results

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Source: ALTRAN TECHNOLOGIES via Thomson Reuters ONE
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