Altran Technologies: Q2 13 sales in line with expectations, utilisation rate surges

News published on July Tuesday 30, 2013
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This morning Altran reported Q2 13 revenues in line with expectations, while the outlook is reiterated. The good news of this publication was the surge in the utilisation rate (+2.4ppt vs. Q1 13 to 85.3%, which makes Altran on track for returning to a normative 88% rate as soon as possible. Following a 14% decline during the last three months due to some doubts about its ability to reach an op. margin of 9% in 2013, we consider the share price will react positively on the back of this release.

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