Indra Sistemas : Q3 2023 results again very solid. Good outlook for the next few quarters
>Q3 results still very solid and well ahead of expectations - Indra’s Q3 sales, reported yesterday, came in at € 1.004bn, +6% ahead of expectations. Organic growth was +13.0%, +5pts ahead of our expectations (ODDO BHF: +8.2% org.), driven by a better-than-expected showing both for defence (+39% cc y-o-y vs ODDO BHF: +29%) and transport (+20 y-o-y vs ODDO BHF: +4%). Minsait posted a solid performance (+9.7% cc and +6% org vs ODDO BHF: 4.4% org.), reflecting an unsurpri...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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