AKKA Technologies : Fresh downturn in outlook and another restructuring plan for Toulouse
>Q3 sales in line with our forecasts, marking a 29% org. y/y contraction - AKKA published its Q3 sales report yesterday evening, recording earnings of €351m, which was globally in line with our expectations (ODDO BHF: € 348m). The organic performance contracted by 28.9% y/y, which was a minor dip on Q2 (-31.4%) and slightly stronger than what we forecast (ODDO BHF: -30.9%). Looking at regional performances, France posted negative organic growth of 33.8%, which was lar...Akka Technologies is an engineering and technology consultancy company. Co. bases its service around two areas which enable it to cover the full life cycle of a product: information and systems technology and engineering. Co.'s activities can be divided into six areas: Mechanical Engineering, Process Engineering, Document Engineering, Industrial Information Technology and Embedded Systems, Information Systems and Consulting. Co. operates mainly in France, Belgium and Germany. Co also operates in Italy, Romania, Switzerland, Spain, England and Canada.
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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