Indra Sistemas : Q3 2022 results well ahead of expectations across the board
>Q3 sales 8% ahead of expectations, driven by all divisions - Indra yesterday evening reported Q3 sales of € 890m, up +19% y-o-y, 8% ahead of the consensus and 5% better than our forecasts. This outperformance is only 1 pt driven by a stronger-than-expected forex effect (+3% vs +2%e). The bulk stems from organic growth of +15%, well ahead of expectations (ODDO BHF: 13.5%, bearing in mind that we had one of the highest sales forecasts in the consensus). All the divisio...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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