Treasurer, Altran Technologies group
“The replacement of Etebac was not that complicated”
Could you tell us something about Altran?
The company, which is celebrating its thirtieth anniversary in 2012, employs just over 17,000 people, essentially engineers who give advice related to innovation and engineering. Although Altran is often considered an IT services company, this activity, developed especially in the areas of banking and insurance, only represents around 30% of the turnover: the majority of our activity is an even balance of all the big sectors of the industry - cars, energy, telecommunications, aeronautics… Our turnover comes equally from France and around 20 other countries, including Germany, the United Kingdom, Italy, Spain and the United States. The plan of action, which we unveiled at the general meeting of shareholders in June 2011, and which covers the period from 2012 to 2015, has the following objectives: a turnover of over €2bn, an operating margin of 11% to 12% at the top of the cycle and an available cash flow of 2% to 4% of the turnover. Also the company, which is listed on the stock market, on Euronext Paris, in compartment B, had [on 7 December 2011] a stock market capitalisation of €450m and is a member of the SBF 120.
How have you organised the treasury?
The whole treasury is run from head office by a team of four people including myself – one of whom works specifically with customers and in particular with forfaiting, an important financing mechanism for us, and the two others are involved with day-to-day treasury management and also with risk.