AKKA Technologies : Uncertainties surrounding the recovery and a still high valuation
>Poor 2020 results due to the crisis and restructurings - On Wednesday evening Akka reported Q4 revenues and 2020 results that were broadly lower than we expected, while we did not yet factor in the € 80m in additional restructuring costs for France/Germany (announced on 11 February). Due to a more limited pick-up than expected in Q4 (-29.3% organic vs -28.9% in Q3), 2020 revenues came in below our estimate at € 1.2bn, down 16.5% on an organic basis. Adjusted operatin...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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