AKKA Technologies : Q2 sales in line. Confident in both growth and margins
>Q2 sales in line: better than expected in France, below expectations in Germany - Wednesday evening Akka Technologies reported Q2 2018 sales of € 358.0m, up 5.8% yoy on a reported basis, +0.3% higher than expected (Oddo Securities estimate and consensus: € 357m). Organic growth reached 6.2%, a slight beat (Oddo Securities estimate: 5.7%, consensus: 5.5%). Adjusted for the calendar effect, economic growth came to +5.5%, a sequential drop after two excellent quarters (...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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