ALTRAN TECHNOLOGIES : Full Year results 2017: the "Ignition" transformation bears its fruits
Summary
Noticeably this margin expansion was achieved in a year characterized by strong headwinds (among which the lower number of working days and forex impact), demonstrating the strength of Altrans business model.Employee representative bodies in France, Germany, Spain and the Netherlands have all been informed and/or consulted and delivered a positive opinion; Authorization from the United States and German antitrust authorities have been obtained; On January 26 th , 2018 during an Extraordinary General Assembly, Altran shareholders expressed strong support for a proposed capital increase in the amount of €750m, which proceeds are to be used for a partial early repayment of the debt incurred by the Company in the context of the acquisition; On February 15 th , 2018, Altran successfully completed the syndication of its €2,125m equivalent Senior Secured Term Loan B together with a €250m Bridge Facility, to be used to pay the purchase price of the Aricent acquisition and to early redeem the Groups existing medium and long term debt.Investor meeting & conference call on February 28, 2018 at 8:30 am Paris time (CET) in Altran HQ , located 96, Avenue Charles de Gaulle, 92200 Neuilly-sur-Seine Telephone numbers: +33172727403 or +442071943759For over thirty years, the Group has provided its expertise to key players in the Aerospace, Automotive, Defence, Energy, Finance, Life Sciences, Railway, and Telecom sectors, among others.DISCLAIMER This press release contains forward-looking statements (as defined in the United States Private Securities Litigation Reform Act, as amended) based upon current management expectations.