Indra Sistemas : Another excellent performance in Q3. Guidance upgraded further
>Q3 organic growth of 10% ahead of expectations - Indra's Q3 2021 figures, reported after the close yesterday, were excellent, with sales of € 745m, 2% ahead of expectations, with organic growth of 10% (ODDO BHF: +8.6%). This excellent performance was buoyed by Minsait, with organic growth in Q3 of 14% (ODDO BHF: +10.7%), or underlying growth (vs Q3 2019) of 7%, ahead of H1 (+6% in Q1 and Q2). Growth remains very strong in the public sector and solid in the others. T...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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