Altran has announced the appointment of Pascal Laffineur as CEO of Altran Benelux. He is member of the Group's management committee and reports directly to Michael Blickle, Group executive vice-president for Northern Europe. Pascal Laffineur joined the Altran Group in 1998, where he held a number of positions. After starting out as Business Manager, he went on to become Business Unit Director, then manager in charge of the Vodafone account, before being appointed CEO of Altran Europe. CEO of Altran Belux (Belgium and Luxembourg) since 2009, Pascal Laffineur will now head the Benelux entity covering Belgium, Luxembourg and The Netherlands.

Altran Technologies SA announced audited consolidated earnings results for the second half and full year ended December 31, 2012. For the quarter, revenues were EUR 1,455.9 million against EUR 1,419.5 million for the same period a year ago. Operating income on ordinary activities was EUR 124.6 million against EUR 113.1 million for the same period a year ago, the profitability was enhanced by brisker sales coupled with tight management of indirect costs which narrowed steadily throughout the year. Operating income was EUR 111.0 million against EUR 50.8 million for the same period a year ago. Net profit was EUR 64.6 million or EUR 0.45 per share against net loss of EUR 45.5 million or EUR 0.32 per share for the same period a year ago, due to a capital loss incurred on the disposal of Arthur D Little in 2011. Decrease in net financial debt from EUR 170 million in 2011 to EUR 140 million in 2012, implying an improvement of nearly EUR 30 million. Free cash flow generated was EUR 50 million. Total net debt stands at EUR 169 million against EUR 195 million at for the same period a year ago. For the second half, the company reported revenues were EUR 723.3 million. Operating income on ordinary activities was EUR 69.2 million. Operating income was EUR 58.0 million. Net profit was EUR 34.4 million or EUR 0.24 per share.

Altran Technologies SA, 2012 Earnings Call, Mar 14, 2013