Altran has announced an ambitious strategic plan for the 2012-2015. Key objectives are to boost revenue to more than €2 billion in 2015 and enhance its EBITA margin to 11%. Objectives will be realised by organic growth but, Altran’s newly appointed CEO Philippe Salle also acknowledged that the firm considers strategic medium-sized acquisitions. The plan was agreed by the management of Altran in the latest shareholders meeting of the technology and innovation consulting firm.
The consulting firm currently has over 15,000 consultants worldwide and had a turnover of €1,437 million in 2010. An overview of the key objectives of the strategic plan for 2012-2015:
To achieve its strategic plan, Altran has chosen to:
- Focus on six European regions: Germany, Belgium, Spain, France, Italy and the UK;
- Undertake the global management of four of its industrial segments of activity: Automotive, Infrastructure & Transportation; Aeronautics, Space & Defence; Energy & Healthcare; Telecoms;
- Push the global development of two of its solutions, Product Lifecycle Management and Embedded & Critical Systems.
Sales growth will be driven by the growing momentum of technological innovation in the most advanced emerging markets. Priority will be on China, by setting up regional partnerships, and on India, where the Group plans to reinforce its existing offshore platform.
Reaction of Philippe Salle, CEO Altran
Chief Executive Officer Philippe Salle: “After carrying out this strategic review, I am convinced that, in order to benefit fully from the numerous strengths the Group has to offer, we must refocus on our key markets and cut operating costs. This is the objective of the action plan that I have presented and will implement with my team over the coming months; a plan designed to revive growth and restore margins to levels more in keeping with the status of the Group.”