Indra Sistemas : The planets appear to be aligning, making the stock still attractive for H2
>Excellent Q2 results - In Indra yesterday reported Q2 revenue of € 1,095m, 8% above expectations. Organic growth was 14.0%, well above our expectations (ODDO BHF: +8.1% organic), driven by a better-than-expected performance from each of Defence (+49% at constant exchange rates yoy vs ODDO BHF: +36%, mainly thanks to FCAS and Eurofighter), ATM (+22% yoy vs ODDO BHF: +14%) and Minsait (+12% at constant exchange rates and +8% organic vs ODDO BHF: 3.9% organic). Minsait’...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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