Indra Sistemas : Q2 2024 earnings roughly in line with expectations at adjusted levels but lower at IFRS. FY 2024 guidance upgraded at all levels, now above Css
>Solid top line with an org growth in line with expectations - Indra just released Q2 2024 earnings, solid overall with revenue of € 1,186m, up 8.3% y-o-y, 0.7% above expectations (vs ODDO BHF: € 1181m; Css: € 1178m). This implies an organic growth at 6%, in line with our expectations (ODDO BHF: 5.9%) and significantly decelerating vs previous quarter (19.0% y-o-y org in Q1 2024). T&D organic growth stands at 10.0% (vs ODDO BHF: +4.0% org.) driven by a solid growth of...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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