AKKA Technologies: First Quarter 2019 Revenue: Robust Business Momentum
06 Mai 2019 - 5:45PM
Business Wire
Q1 2019 PERFORMANCE
- Revenue growth of 26.1%
- AKKA North America delivers organic growth of 34.0%
- Strong demand in all mobility and digital segments
Regulatory News:
AKKA Technologies (Paris:AKA):
Q1 2019 REVENUE
(€ million) Q1 2019 Q1 2018
Growth
Growth(like-for-like)
***
Revenue 446.3 353.9
26.1% 8.3% France 169.1
160.4 5.4% 9.3%
Germany 126.2 118.6
6.4% 6.4% North America*
75.6 4.9 1,433.1%
34.0% International** 75.4
70.0 7.7% 8.0%
* PDS Tech has been consolidated since 1 November 2018**
Excluding Germany and North America*** Change at constant scope,
exchange rates and number of working days
- Group revenue is up by 26.1% in
the first quarter of 2019 thanks to the strong growth of AKKA North
America and the mobility sector.
- Like-for-like (lfl) growth
momentum amounts to 8.3%. The momentum is robust in each of the
four Business Units:
- 9.3% in France. The demand is
strong in all segments of activity. This momentum should continue
in the coming quarters.
- 6.4% in Germany. The group
continues its customer diversification and the regionalization of
its organization.
- 34.0% in North America. AKKA
North America is capturing strong demand in all mobility segments
from US and European customers in the United States.
- 8.0% in International.
Growth in the international business unit is mainly driven by
Italy, the United Kingdom and Eastern Europe. Asia and the Middle
East recorded growth of 40%.
- The integration of PDS Tech,
launched two quarters ago, is progressing well and is generating
strong commercial synergies. AKKA North America recorded strong
growth with Boeing, Honeywell, United Technology and Daimler. The
early success of the integration of PDS Tech significantly
strengthens the potential of AKKA in North America both in terms of
growth and margin improvement.
- Strong growth in Digital. With
the on-going Parking Valet project signed in 2018, AKKA has
strengthened its strategic positioning with VW Group and is
negotiating orders worth €62M, of which the first portion has been
validated in ADAS, system of connectivity and High Voltage
batteries for electric vehicles.
- As of 31 March 2019, AKKA employed
20,904 people, an increase of 30.2% compared to Q1 in 2018. Our
talents are distributed as follows: 8,019 are in France (+10.7%),
4,925 are in Germany (+1.7%), 3,984 are in North America
(+1,932.7%) and 3,975 are employed internationally (+5.5%).
THE GOOD START OF THE YEAR CONFIRMS ALL OF THE GROUP’S
OBJECTIVES
OUTLOOK 2019
- Confirmation of all 2019 targets
- Organic growth ≥ 6%
- Operating margin ≥ 8%
- Free cash-flow ≥ 5%
Upcoming event:
Publication of H1 2019 Revenue: Thursday, 25 July 2019
In case of discrepancy between the French and English versions
of the press release, only the French version shall be deemed
valid.
About AKKA
AKKA is the European leader in engineering consulting and
R&D services in the mobility segment. As an innovation
accelerator for its clients, AKKA supports leading industry players
in the automotive, aerospace, rail and life sciences sectors
throughout the life cycle of their products with cutting edge
digital technologies (AI, ADAS, IoT, Big Data, robotics, embedded
computing, machine learning, etc.).
Founded in 1984, AKKA has a strong entrepreneurial culture and
is pursuing its fast-paced growth and international development in
line with its CLEAR 2022 strategic plan. With 21,000 employees, who
are passionate about technology and dedicated to advancing the
future of industry, the Group recorded revenues of €1.5 billion in
2018.
AKKA Technologies is listed on Euronext Paris – Segment A – ISIN
code: FR0004180537.
For more information, please visit www.akka-technologies.com
Follow us on: twitter.com/AKKA_Tech
APPENDIX
Q1 2019 REVENUE
Revenue (in € millions)
Q1 2019 Q1 2018
ConsolidatedGrowth
OrganicGrowth***
Growth(like-for-like)****
Total Group 446.3 353.9
26.1% 6.6% 8.3% France
169.1 160.4 5.4%
5.4% 9.3% Germany
126.2
118.6 6.4% 6.4%
6.4% North America*
75.6 4.9
1,433.1% 35.9% 34.0%
International**
75.4 70.0
7.7% 7.3% 8.0%
* PDS Tech has been consolidated since 1st November 2018**
Excluding Germany and North America*** Change at constant scope and
exchange rates**** Change at constant scope, exchange rates and
number of working days
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190506005449/en/
AKKAInvestor RelationsDov LevyVP Investor
RelationsTel: +32(0) 2 712 61 24dov.levy@akka.eu
Media RelationsMarkus LeutertGroup Head of
CommunicationsTel.: +32(0) 4 96 26 27 55markus.leutert@akka.eu
FTI Consultingakka@fticonsulting.com
Media Relations, FranceEmily OliverTel.: +33(0) 1 47 03
68 65