Indra Sistemas : Q3 2024 earnings above expectations. FY 2024 guidance confirmed
>Organic growth of 9% in Q3, above expectations. Solid bookings - Revenue of € 1,096m, up 9.2% y-o-y, 2.0% above expectations (vs ODDO BHF: € 1,074m; css: € 1,075m). This implies an organic growth at 9%, above our expectations (ODDO BHF: 6.6%) and accelerating vs previous quarter (6% y-o-y org in Q2 2024). Defence growth stands at +15.7% y-o-y cc and 14% org. above expectations (vs ODDO BHF: +9.5% cc; 8.0% org.). Growth in ATM was up 38.3% cc and +33% y-o-y org. well...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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