Indra Sistemas : Excellent operating momentum, but the state is spoiling the party
>Organic growth reaches 14% in Q4, far higher than expected - Indra released its 2021 revenue figures yesterday after trading, with Q4 revenue reaching € 1.028bn and thus beating expectations by 8% (consensus € 951m; ODDO BHF € 944m). Organic growth came to 14%, which is far higher than we expected (ODDO BHF+4.4%). This is a faster pace than in Q3 2021 (+10.3% organic) even though comps were far more challenging. Q4 revenues were therefore 13% higher than in Q4 2019 ...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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