AKKA Technologies : Q1 revenues in line, 2019 guidance reiterated and unexpected reduction in headcount
>Q1 revenues in line and economic growth maintained - Yesterday evening, Akka published Q1 revenues of € 446m, up 26% y-o-y on a reported basis (including a 19-point scope effect linked to the acquisition of PDS Tech), in line with forecasts (consensus € 447m) a shade below our estimates (€ 460m), which were at the top end of the range. Organic growth came in at 6.6%, below our forecast (Oddo BHF: 9.5% est.) and +8.3% y-o-y on economic data, in line with Q4 2018 (+8.6...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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