SOURCE: Altran Technologies

August 05, 2005 04:01 ET

ALTRAN TECHNOLOGIES : sales of the 2nd quarter 2005 up by 3.8 % compared to 2nd quarter 2004 organic growth up by + 4.5 %

Paris -- (MARKET WIRE) -- August 5, 2005 -- The 2nd quarter sales 2005 of the Altran group amounted to E 368.3 m, up by 3.8 % with respect to the 2nd quarter 2004 ( E 354.7 m), and organic growth(1) is up , at 4.5 %.



In France where the Altran group made nearly 47 % of its total revenues, sales for the 2nd quarter 2005 stood at E 172.9 m. Business in France saw a decrease of - 0.6 % (a 0.6 % growth at constant accounting rules). Outside France, sales represented 53 % of the group's revenues, and stood at E 195.3 m, up by 8.0 %. This compares to E 180.8 m in the 2nd quarter of 2004. Given the acquisitions and divesture made during 2004 and the second quarter 2005 organic growth was + 9.3 %.

2004 sales were published under French GAAP. Expenses billed at cost to costumers were integrated in the sales lines and accounted for approximately 1.4 % 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 2nd quarter of 2005 compared to the same period last year would have come to + 5.9 % on constant accounting rules.



The impact due to foreign exchange was - 0.2 % compared to the 2nd 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  |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|(in E millions)          |1stquarter|2ndquarter|3rdquarter 4th|quarter|  2004|
+-------------------------+----------+----------+--------------+-------+------+
|                         |      2004|      2004|          2004|   2004|      |
+-------------------------+----------+----------+--------------+-------+------+
|Sales excluding          |     336.2|     351.3|         339.1|  377.1|1403.7|
|contribution             |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|from acquired companies  |          |          |              |       |      |
|(a)                      |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|Contribution from        |       1.5|       1.3|           3.2|    1.9|   7.9|
|companies                |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|acquired in 2004 (b)     |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|Contribution from        |         -|         -|             -|      -|     -|
|companies                |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|acquired in 2005 (c)     |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|Contribution of divested |       3.4|       2.1|           0.8|    0.8|   7.1|
+-------------------------+----------+----------+--------------+-------+------+
|companies (d)            |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+
|Total sales (a) + (b) +  |     341.1|     354.7|         343.1|  379.8|1418.7|
|(c) + (d)                |          |          |              |       |      |
+-------------------------+----------+----------+--------------+-------+------+

+----------+----------+
|   IFRS   |          |
+----------+----------+
|1stquarter|2ndquarter|
+----------+----------+
|      2005|      2005|
+----------+----------+
|     353.5|     366.7|
|          |          |
+----------+----------+
|          |          |
|          |          |
+----------+----------+
|       1.5|       1.4|
|          |          |
+----------+----------+
|          |          |
+----------+----------+
|         -|         -|
|          |          |
+----------+----------+
|          |          |
+----------+----------+
|       0.8|       0.2|
+----------+----------+
|          |          |
+----------+----------+
|     355.8|     368.3|
|          |          |
+----------+----------+


Total staff numbers for the group stood at 16 282 at the end of June 2005, down by 96 with respect to 31st March 2005. Three companies sold during the course of the quarter had headcount of 102 people.



Apart from this impact staff remained stable during the 2nd quarter 2005.



NEXT EVENT : 1st semester 2005 results on 17 th October 2005.



www.altran.net



ISIN : FR0000034639 / Bloomberg ALT FP / Reuters ALTR.PA / Nasdaq ALTKF



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