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PRESS RELEASE Paris , February 23rd 2021 5:40 pm ■ 2020 FULL - YEAR RESULTS BUSINESS AND OPERATING MARGIN ON ACTIVITY IMPACTED BY THE HEALTH CRISIS 10 ACQUISITIONS IN FRANCE AND ABROAD IN 2020 & 2021 Y - o - y € Million 2019 2020 change Revenue 2,624.0 2,331.9 -11.1 % ■ of which France 1,134.5 907.5 -20.0 % ■ of which International 1,489.5 1,424.4 -4.4 % Operation Profit on Activity 260.8 142.4 -45.4 % As % of revenue 9.9 % 6.1 % Operating Profit 238.2 119.2 -49.9 % As % of revenue 9.1 % 5.1 % Net profit , Groupe share 164.2 98.0 -40.3 % As % of revenue 6.3 % 4.2 % Free Cash flow 160.3 246.8 + 54.0 % As % of revenue 6.1 % 10.6 % Net cash position 74.9 195.6 + 161.0 % Headcount 37,200 33,800 -9.1 % Audit in progress ALTEN BUSINESS IN 2020 IMPACTED BY THE HEALTH CRISIS : -11.1 % Revenue reaches € 2,331.9 M decreasing by 11.1 % as compared to 2019. On a like - for - like basis , business decreases by 12.9 % ( -19.5 % in France and -7.9 % outside France ) as it is strongly impacted by the health crisis . The crisis has mainly impacted the Automotive and Civil aeronautics whereas Rail / Naval , Life Sciences and Energy ( Oil & Gas excepted ) are strong and still growing . - Therefore business has significantly decreased in 2020 in the countries where the Automotive and Civil aeronautics are predominant such as France , Germany , Sweden , the US and the UK . On the contrary , performance was satisfactory in Southern Europe , Switzerland and Asia Pacific . OPERATING PROFIT ON ACTIVITY : 6.1 % OF REVENUE - The operating profit on activity reaches € 142.4 M ( i.e. 6.1 % of revenue ) . Measures such as partial unemployment , cost management - SG & A , near freeze - up on hiring , reduction in workforce , etc. that were undertaken have helped to limit a further decrease of the operating margin despite some additional costs caused by the pandemic . OPERATING PROFIT : Operating profit reaches € 119.2 M ( i.e. 5.1 % of revenue ) including € 7.9 M of share - based payments and € 15.3 M non - recurring costs - mainly restructuration costs ( € 7.0 M ) , acquisition costs ( € 5.8 M ) and costs associated with tax adjustements ( € 2.5 M ) . O Direction ALTEN - www.alten.com 1