Cyient To Divest DLM Seven Years After Rangsons Acquisition

/ October 16, 2022

Cyient is exploring the divestment of its DLM unit seven years after the Rangsons Electronics acquisition. The company wants to keep a minority stake in DLM, still offering design-engineering-short series manufacturing.

AFRY Hoping for the Best…

/ July 17, 2022

AFRY is hoping for the best but expecting the worse for H2 2022. The company made clear that the macro-economic conditions and the geopolitical context were uncertain as ever.

Alten Finishes 2021 with an Indian-like Growth Rate

/ January 30, 2022

lten finished 2021 with an India-growth rate. For the third consecutive quarter, Alten has an organic (cc/cs) revenue growth close to 20%, reaching 23.2% in Q4. The company benefitted from favorable comps (-17.4% in Q4 2020) and HR decisions.

AFRY Launches AFRY X, Its New Digital Division

/ November 21, 2021

mployees from the other five divisions. It has approximately a revenue of SEK 1bn (USD 110m) and 800 employees. AFRY is gradually ramping up its digital investments and expects to spend SEK 100m in 2022, up from SEK 50m in Q1-Q3 2021.

SII: Simply the Best this Quarter

/ November 10, 2021

II was simply the best this quarter. The France-headquartered ER&D services vendor had its revenues up 24.0% yoy (at cc/cs) in Q3 2021/Q2 FY22. SII matched Alten’s excellent performance (+24.0% at cc/cs) despite relatively demanding comps. Unlike peers, SII had limited exposure to automotive and aeronautics. In FY21, its revenues were only slightly down, by 1.5% at cc/cs. SII, therefore, managed to grow its Q2 FY22 revenues despite relatively demanding comps (-4.5%). Alten’s decline during the same quarter was 9.4% yoy.

More Diversification And Sustainability Ahead For Ricardo

/ November 1, 2021

Ricardo announced in September its priorities for the years to come: further client diversification, a focus on Asia and North America, a continued refresh of its service portfolio, and sustainability in all its forms. These priorities are very much in line with Ricardo’s strategy in the past few years.