Altran Technologies: 2003 Second Quarter Revenue of EUR335.1m.

Business Editors

PARIS--(BUSINESS WIRE)--Aug. 13, 2003

Second quarter 2003 revenue amounted to 335.1 million Euros of which 49.3 million were generated by companies acquired in 2002.

Second quarter revenue is down 5% compared to the first quarter of 2003. The organic, revenue(1) is down by 4.8%. This decrease is mainly due to the smaller number of working days(2) in the second quarter compared to the previous one.

Revenue generated outside France was 173.4 million Euro, representing 51.7% of the 2nd quarter revenue. This is a decrease of 5.4% with respect to the 1st quarter, of which 4.9% is organic.

In France revenue was 161.7 million Euro, a decrease of 4.6% compared to the 1st quarter, of which 4.7% was organic.

No acquisition has been concluded in 2003.

                                                                (EURm)
                                    1st Quarter  2nd Quarter  1st Half
                                       2003         2003        2003
Revenue excluding companies
 acquired (a)                          300.3        285.8       586.1
Contribution of companies
 acquired in 2002 (b)                   52.6         49.3       101.9
Contribution of companies
 acquired in 2003 (c)                    0.0          0.0         0.0
Total Revenue (a)+(b)+(c)              352.9        335.1       688.0

Quarterly revenue figure comparison with those of 2002 will not be presented, due to lack of information on the quarterly impact of the revenue adjustments in 2002, as already mentioned for the publication of first quarter revenue.

As of the 30th of June, the total number of employees in the group(3) was 16,958 and is a decrease of 740 compared to the beginning of the year. During the 2nd quarter the group continued to adapt its cost structure with regard to the general economic environment. This will be continued into the 2nd half of the year if there is no improvement of the economic environment.

Please note that until further notice the Group will not disclose the percentage of inter-contract consultants as this operational indicator is particular to each company of the Group. A new standardized indicator is currently being defined. Notification will be made of its implementation.

Following its 2002 financial results, Altran has asked its banks to indicate what terms they would accept as so not to invoke the early repayment clause on their mid-term credit lines. Negotiations with banks are still being carried out. The group will announce the outcome of these negotiations has soon as they are finalized.

It is reminded that the group has undertaken a plan to improve its financial situation, as announced along with the 2002 results, and is as follows:

-- To centralize EUR100m to EUR150m of group's cash by end 2003

(as of 31st December 2002, 165 million Euros of the total 211

million Euros was in subsidiaries)

-- To use factoring from EUR80m up to EUR100m by end 2003 and up

to EUR150m during 2004

-- To reduce days of sales outstanding by EUR50m by end 2004

-- To restore satisfactory margins

An interim report on the implementation of this plan will be made at the presentation of the first half results.

www.altran.net

Notes:

(1) Organic revenue : revenue for the period less revenue of

companies acquired during the period and in the previous

financial year,

(2) The number of working days in France in the 2nd quarter was 60

compared to 63 in the 1st quarter

(3) The company DTS is no longer consolidated in Group accounts

since June 2002 and has also been excluded from total number

of employees

(Euroclear 3463 / Bloomberg ALT FP/ Reuters ALTR.PA/ Nasdaq ALTKF/ Sicovam)