ALTHEORA Achieves 19% Growth in Q3 2023 Revenue

(Boursier.com) — The ALTHEORA Group achieved a turnover of 9 ME for the 3rd quarter of the 2023 financial year, representing a further acceleration to +19%.
ALTHEORA reached a turnover of 31.8 ME over the first 9 months of 2023, a clear increase of +16.5% compared to 2022. The Group records a new quarter of growth, and continues to gain market share in the most of its sectors of activity, including low-carbon mobility (in particular the rail industry) and industry.

“This robust trajectory demonstrates ALTHEORA’s ability to generate strong growth thanks to the strengthening of its value proposition oriented towards the decarbonization of the industry” comments management. The control of its processes, its capacity for innovation and the adapted response to the CSR issues of its customers allows the Group to present solid and engaging prospects, with an order book, to date, of 10.8 ME, increasing by 22.4% over a comparable period.

ALTHEORA, in a hesitant economic situation, thus demonstrates its attractiveness and gradually establishes itself as a reference partner for companies looking for innovative and sustainable industrial solutions.

Faithful to its commitments and its outlook, the Group reiterates its ambitions and confidently pursues its strategic plan, a true compass to stay the course until the 2026 objectives.