Indra Sistemas : Very good Q4. Higher-than-expected 2023 guidance
>Q4 organic growth of 8% beat expectations - Yesterday after the close Indra reported Q4 sales of € 1,157m, 7% above consensus and 2% higher than our estimate. Organic growth came to 8%, 1pt higher than our estimate, with satisfactory performances at T&D (8% organic growth, with similar contributions from Defense and Transport) as well as Minsait (8% organic growth). The slowdown in organic growth at Minsait (vs +17% in Q3) was due primarily to a lower contribution fr...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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