Oil sector key to Altrad boost

摘要

FRENCH industrial services player Altrad is confident it can deliver a strong financial performance this year, after it surpassed expectations in 2019 with steady profits, despite a revenue drop. Altrad's revenues fell last year to €3.1 billion ($3.4 billion) compared with €3.5 billion in 2018. According to the company, over 70% of the services revenue, which represents 78% of the group revenue, is a recurring revenue profile from multi-year maintenance contracts.