AKKA Technologies : 2018 results in line, apart from a positive surprise on FCF
>2018 results in line with expectations and FCF higher than forecast - Akka reported 2018 results after the market close on Tuesday, 19 March, broadly in line with expectations, with an adjusted operating profit of € 118m (Oddo BHF and the consensus: € 120m), up +24% y-o-y. The adjusted operating margin came in at 7.8%, or 8.0% (+80bp) stripping out the dilutive impact of PDS Tech (3% margin over the two months for which it was consolidated), which is in line with the...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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