Alten reported a fall in operating profit on Thursday, as the French engineering group incurred costs related to share-based payments and restructuring operations.

The company reported operating income of €382.8 million for fiscal 2023, compared with €419.6 million a year ago.

Alten pointed out that this result takes into account a €32.3 million charge for share-based payments, as well as €30.6 million in non-recurring costs, including €9.1 million in restructuring costs.

"In 2023, the integration of less profitable companies, a satisfactory but lower activity rate than in 2022, which was exceptionally high; higher structuring expenses, as well as an unfavorable calendar, explain the decline in operating margin compared with 2022," said the Group in a statement.

Alten has announced five acquisitions for 2023, in the United States, Poland, India, Germany, Japan and Spain. (Written by Augustin Turpin, edited by Sophie Louet)