SOURCE: Altran Technologies

November 14, 2005 02:30 ET

ALTRAN : Sales of the 3rd quarter 2005 amounted to E 339.2 M

Paris -- (MARKET WIRE) -- November 14, 2005 -- The 3rd quarter sales 2005 of the Altran group amounted to E 339.2 m, down by 1.1% with respect to the 3rd quarter 2004 (E 343.1 m), and organic growth (1) is down, at 0.7%.

2004 sales were published under French GAAP. Expenses billed at cost to costumers were integrated in the sales lines and accounted for approximately 1.7% of sales in 2004. In 2005 these expenses are accounted as a reduction of operating charges and are not accounted anymore in sales following IFRS recommendations. Organic growth on the 3rd quarter of 2005 compared to the same period last year would have come to + 1% approximately on constant accounting rules.

In France, where the Altran group is currently in a reorganization process and made nearly 45% of its total revenues, sales for the 3rd quarter 2005 stood at E 154.2 m. Business in France saw a decrease of - 6.8% (excluding accounting rules change impact).

Outside France, sales represented 55% of the group's revenues, and stood at E 185.0 m, up by 4.1%. This compares to E 177.6 m in the 3rd quarter of 2004. Given the acquisitions and divesture made during 2004 and the second quarter 2005 organic growth was + 5.0% (excluding accounting rules change impact).

The impact due to foreign exchange was + 0.2% compared to the 3rd quarter of 2004.

(1) Definition of "like-for-like basis" is the total sales of the financial year minus the contribution of companies acquired or divested during the current and previous financial years.

+-------------------------+-----------+-----------+-----------+-----------+
|                         |French GAAP|           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|                         |1st quarter|2nd quarter|3rd quarter|4th quarter|
+-------------------------+-----------+-----------+-----------+-----------+
|(in E millions)          |       2004|       2004|       2004|       2004|
+-------------------------+-----------+-----------+-----------+-----------+
|Sales excluding          |      336.2|      351.3|      339.1|      377.1|
|contribution             |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|from acquired companies  |           |           |           |           |
|(a)                      |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|Contribution from        |        1.5|        1.3|        3.2|        1.9|
|companies                |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|acquired in 2004 (b)     |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|Contribution from        |          -|          -|          -|          -|
|companies                |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|acquired in 2005 (c)     |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|Contribution of divested |        3.4|        2.1|        0.8|        0.8|
+-------------------------+-----------+-----------+-----------+-----------+
|companies (d)            |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+
|Total sales (a) + (b) +  |      341.1|      354.7|      343.1|      379.8|
|(c) + (d)                |           |           |           |           |
+-------------------------+-----------+-----------+-----------+-----------+

+------+-----------+-----------+-----------+
|      |   IFRS    |           |           |
+------+-----------+-----------+-----------+
|  2004|1st quarter|2nd quarter|3rd quarter|
+------+-----------+-----------+-----------+
|      |       2005|       2005|       2005|
+------+-----------+-----------+-----------+
|1403.7|      353.5|      366.9|      336.3|
|      |           |           |           |
+------+-----------+-----------+-----------+
|      |           |           |           |
|      |           |           |           |
+------+-----------+-----------+-----------+
|   7.9|        1.5|        1.4|        2.9|
|      |           |           |           |
+------+-----------+-----------+-----------+
|      |           |           |           |
+------+-----------+-----------+-----------+
|     -|          -|          -|          -|
|      |           |           |           |
+------+-----------+-----------+-----------+
|      |           |           |           |
+------+-----------+-----------+-----------+
|   7.1|        0.8|        0.2|          -|
+------+-----------+-----------+-----------+
|      |           |           |           |
+------+-----------+-----------+-----------+
|1418.7|      355.8|      368.5|      339.2|
|      |           |           |           |
+------+-----------+-----------+-----------+
Total staff numbers for the group stood at 16129 at the end of September 2005, down by 153 with respect to 30th June 2005.

NEXT PRESS RELEASE: 2005 sales on 2nd February 2006

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