Indra Sistemas : An excellent operating performance, barely appreciated by the market
>Very robust results at the upper end of P&L. Attributable net profit significantly impacted by one-off items - Indra reported on Tuesday morning Q2 2024 earnings that we consider particularly robust.The 6% organic growth is in line with our forecasts, with a still very robust performance in defence (+15% organic) thanks to a far greater contribution from the FCAS contract (€ 81m vs c.€ 50m est.) offsetting a slight decline in ATM (-2% organic), which is actually...Indra Sistemas is engaged in the design, development, manufacture, assembly, repair, and installation of computer software and applications. Through its subsidiaries, Co. is engaged in consulting, graphic design and multimedia, web design and marketing, internet development and electronic trade, systems integration and hosting geared business to business and business to consumer, as well as in internet financing and electronic marketing. Co. serves defense and security, transport and traffic, energy and industry, telecom and media, finance and insurance, and public administration and healthcare markets. Co. operates primarily in Europe, the United States, Canada, and Latin America.
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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