AKKA Technologies : Slow recovery and deceleration at Q3. Short-term profitability prioritised
>Q3 2021 revenue of € 371.8m (+4.8% organic), below our expectations - Akka reported yesterday after the close of trading Q3 2021 revenue slightly short of our expectations. It came in at € 371.8m (vs ODDO BHF € 385.7m, i.e. 4% short), up 5.9% year on year as reported and up 4.8% on an organic basis. This sequential deceleration (despite a favourable comparison base) is partly attributable to traditionally low seasonality, and more holiday leave taken than in Q3 2020 ...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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