AKKA Technologies : Cost reductions in the right direction, too many lingering uncertainties on the balance sheet and on the business outlook
>H1 results on life support, FCF largely negative in reality - AKKA, which already published H1 sales of € 788m in July (-21.3% organic y-o-y of which -31% in Q2), last week posted earnings that were broadly in line with the consensus. As previously announced, the group reported an operating loss on ordinary activity in H1. This stood at -€ 12.6m (consensus at -€ 7.3m) despite around € 50m in subsidies linked to short-time working measures and was principally triggere...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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