Alten, FR0000071946

Alten stock reports stronger H1 growth as margin reaches 8.90 percent

Published on 09/29/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alten stock posted H1 2026 revenue of EUR 2.109 billion, up 1.20 percent from 2025. Operating margin reached 8.90 percent versus 7.30 percent, while 2026 organic growth guidance is 1.70-1.90 percent.

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Alten (ISIN FR0000071946) reported H1 2026 revenue of EUR 2.109 billion, up 1.20 percent from the prior-year period, while operating margin on activity rose to 8.90 percent from 7.30 percent, according to Finanzwire on September 24, 2026. The stock was at EUR 79.75 at Lang & Schwarz on September 29, 2026 at 1:37 p.m. CEST.

Margins improve faster than sales

ALTEN's operating profit on activity reached EUR 187.3 million in H1 2026, up 23.20 percent from EUR 152.1 million in H1 2025. Operating profit climbed 26.90 percent to EUR 158.3 million, while net income attributable to the group increased 37.80 percent to EUR 113.8 million, the company said through Finanzwire.

Cash generation also strengthened. Free cash flow reached EUR 104.3 million in the first half, up 33.00 percent from EUR 78.4 million, leaving ALTEN with net cash of EUR 313.0 million at the end of June 2026.

Guidance and analyst targets reset

ALTEN raised its full-year 2026 organic growth guidance to 1.70-1.90 percent and expects an operating margin on activity of 9.20 percent. The outlook points to further margin improvement after the 8.90 percent first-half result, although the growth rate remains modest against the company's longer-term expansion ambitions.

Analyst revisions added a second market reference on September 28, 2026. Ideal Investisseur reported that Oddo BHF raised its price target from EUR 106.00 to EUR 115.00, while Alphavalue reduced its target from EUR 88.30 to EUR 87.80. The different target directions underline the gap between improving earnings execution and valuation debate.

Stock holds at EUR 79.75

At Lang & Schwarz, Alten was trading at EUR 79.75 on September 29, 2026 at 1:37 p.m. CEST. With the previous close unavailable in the Lang & Schwarz quote, the comparison uses the Xetra close of EUR 79.75 on September 28, 2026, producing a change of 0.00 percent.