AKKA Technologies : Stronger-than-expected impact from the pandemic and worrying debt level
>Q1 2020 sales sharply impacted by the coronavirus crisis, organic contraction of -9% y-o-y (vs -3% estimated). - Akka reported Q1 sales of € 426m, down 4.5% y-o-y of which -9.2%, organic, shy of our estimates (ODDO BHF: € 452m and -3% organic). Germany is the country most adversely affected (-15% organic vs +3% in Q4), followed by France (-10% organic vs stable in Q4) and international activities (-8% vs +2% in Q4). In contrast, North America is showing greater-than...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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