Report
Nicolas David

AKKA Technologies : Strained valuation + limited potential for positive surprises – Neutral vs Buy

>H1 2018 results confirm the turnaround in Germany - On Wednesday evening Akka reported H1 2018 results in line with expectations. In H1 the group generated revenue of € 712m (already published previously), showing economic growth of 7.9% y-o-y, and EBIT of € 49m, in line with the consensus, corresponding to a margin of 6.9%. The improvement in the group’s margin was 70bp y-o-y, driven mainly by Germany (+100bp) and to a lesser extent by France (+40bp) and Internation...
Underlying
AKKA Technologies SE

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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