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