|28 April 2016|
Publication of Q1 2016 revenues
Accelerated growth in Q1 2016:
+10.5% to €522m, with 6% organic growth
Altran Group's consolidated revenues amounted to €522.4m in Q1 2016 versus €472.8m in Q1 2015, implying a +10.5% reported growth and an organic  growth of +6% (+6.2% economic  growth) over the period.
Commenting on the Group's Q1 2016 revenues, Altran Chairman and Chief Executive Officer Dominique Cerutti declared: "Altran has achieved an excellent first quarter, generating record revenues. The organic growth of the Group is very strong, we are gaining market shares, notably in France, and we can see the dynamism of our activity in most countries where we operate. I am especially pleased to record this performance while intensively implementing the execution of our plan Altran 2020. Ignition ."
Quarterly trends in Group revenues are as follows:
|(in millions of euros)||Q1 2015||Q2 2015||Q3 2015||Q4 2015||Q1 2016|
Revenues, excluding contributions
from companies acquired and/or divested
Contribution of companies acquired and/or
|total REVENUES (a)+(b)||472.8||481.7||470.2||520.5||522.4|
By geographic zone, the Group's Q1 2016 organic growth of 6% breaks down as follows:
Trends in invoicing rate
The invoicing rate in Q1 2016 remained stable on the Q1 2015 level of 86.7%.
Trends in staff levels
As of 31 March 2016, the total headcount of the Group stood at 26,681 employees, up 746 new staff members compared with 31 December 2015, mainly spread between Southern Europe, France, Morocco and India.
Based on the information currently at its disposal, Altran expects 2016 to be another year of profitable growth.
29 April 2016: Shareholders' Annual General Meeting
28 July 2016: Q2 2016 revenues
8 September 2016: H1 2016 results
27 October 2016: Q3 2016 revenues
As a global leader in Engineering and R&D services (ER&D), Altran offers its clients a new way to innovate by developing the products and services of tomorrow. Altran works alongside its clients on every link in the value chain of their project, from conception to industrialization. For over thirty years, the Group has provided its expertise to key players in the Aerospace, Automotive, Defence, Energy, Finance, Life Sciences, Railway, and Telecoms sectors, among others. In 2015, the Altran group generated revenues of €1.945bn. With a headcount of more than 26,000 employees, Altran has a presence in more than 20 countries.
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Executive Vice-President and CFO
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Candice Baudet Depierre, directeur conseil
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Anne Vernois, directeur associé
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This press release contains forward-looking statements (as defined in the United States Private Securities Litigation Reform Act, as amended) based upon current management expectations. Numerous risks, uncertainties and other factors (including, risks relating to: government legislation affecting our businesses; competition; our ability to manage rapid technological change in the industries in which we compete; litigation risks, labour issues; unanticipated costs from disposals or restructuring) may cause actual results to differ materially from those anticipated, projected or implied in or by the forward-looking statements. Many of the factors that will determine our future results are beyond our ability to control or predict. These forward-looking statements are subject to risks and uncertainties and, therefore, actual results may differ materially from our forward-looking statements. You should not place undue reliance on forward-looking statements which reflect our views only as of the date of this presentation. We undertake no obligation to revise or update any forward-looking statements, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
 Organic growth = like-for-like growth at constant exchange rates
 Economic growth = organic growth restated for the change in the number of working days