AKKA Technologies : Excellent Q3, but risk-reward trade not attractive enough, in our view
>Very good Q3 also for Akka, buoyed by France - Akka reported on the evening of Tuesday, 30 October, a very good set of Q3 sales figures (5% above the consensus), with organic growth of 12.8% y-o-y, reflecting a marked acceleration vs Q2 (+6.2%). Adjusted for a temporary equipment sales contract at the aerospace France division (sales of € 5.6m), economic growth was 10.2%, vs +5.5% in Q2.The outperformance of Q3 was mainly buoyed by France, which generates organi...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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