Indra Sistemas : Excellent Q4 results. 2024 guidance well ahead of expectations
>Organic growth of 14% in Q4, well ahead of expectations - Indra’s Q4 sales, reported yesterday before trading, came to € 1.327bn, 8% ahead of the consensus and 3% better than our forecasts. Organic growth came in at +14%, 2pt ahead of our expectations (ODDO BHF: +11.6% org.), thanks to a much better than expected performance from Minsait ( +12% cc & org vs ODDO BHF: +5.5% org.), reflecting a marked acceleration vs Q3 (+6% org), driven notably by a recovery in outsou...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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