AKKA Technologies : Q4 2020 weaker than expected and consensus too high for 2021
>Restart weaker than forecast in Q4 and 2020 results under pressure - Q4 sales came in 5% below the consensus. AKKA’s 2020 results were better for adjusted EBIT and fell short of our expectations for net income and FCF (which did not take account of the € 80m of restructuring announced on 11 February). Q4 negative organic growth came in at -29.3%, substantially lower than our estimate (ODDO BHF: -23.7%) and marking only a modest improvement on Q3 (-28.9% org.). The ma...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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