Indra Sistemas : Good start to the year for Minsait. Solid outlook in defence
>Organic growth of 5% in Q1, in line with our expectations but Minsait impressed - Indra’s Q1 2023 sales, reported yesterday, came to € 917m, 2% ahead of expectations. Organic growth was +5%, in line with our expectations (ODDO BHF: +5.4% org.). T&D showed negative organic growth of -4% (vs ODDO BHF: +6.9% org.) with a similar contribution from defence and transport. The defence business was hurt by a weaker contribution from the Eurofighter while the contribution fro...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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