AKKA Technologies : Unexpected slowdown in business at year-end continues in H1 2020
>Q4 2019 below expectations, economic growth of +1.3% (vs 5.2% est.) - Akka yesterday evening reported Q4 2019 sales of € 469m, 5% below expectations (consensus € 494m; ODDO BHF: € 491m). Reported growth of 5.7% y-o-y and 1.3% economic growth (ODDO BHF: 5.2%), reflecting a sharp slowdown (Q3 at +5.0% economic growth). In detail, only Germany is broadly in line with expectations at +0.0% economic. (ODDO BHF: 0.0% and Q3 at +1.0%). In contrast, France posted economic gr...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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