Indra Sistemas : Another very solid quarter and M&A headed in the right direction
>Further very solid results in Q3 2024 - Indra’s Q3 2024 results, reported yesterday morning, again beat expectations (org. growth of 9% vs ODDO BHF: 6.6%e; operating profit 13% ahead of the css and EPS 7% ahead of the css), driven by: i/ defence, up c. 14% y-o-y org, with Eurofighter sales offsetting the fact that FCAS no longer makes a significant contribution to growth y-o-y. ii/ ATM, with org. growth of c. 28% y-o-y (vs ODDO BHF: +7% org and vs 18% org. in H1), th...Indra Sistemas is engaged in the design, development, manufacture, assembly, repair, and installation of computer software and applications. Through its subsidiaries, Co. is engaged in consulting, graphic design and multimedia, web design and marketing, internet development and electronic trade, systems integration and hosting geared business to business and business to consumer, as well as in internet financing and electronic marketing. Co. serves defense and security, transport and traffic, energy and industry, telecom and media, finance and insurance, and public administration and healthcare markets. Co. operates primarily in Europe, the United States, Canada, and Latin America.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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