Akka: 2018 earnings up 20.4%
(CercleFinance.com) - The Group's turnover reached 1505.
3 million euros in 2018, up 12.8%.
Excluding PDS Tech, organic growth amounted to 9.5% vs. 7% in 2017.
2018 consolidated operating income, including PDS Tech since 1 November 2018, increased 19.7% to 90.1 million euros. Consolidated net income increased by 20.4% to 53.1 million euros, representing 3.5% of turnover, compared to 3.3% in 2017.
The company said, “In 2019, demand remains strong, especially in digital and mobility, AKKA's core strategic sectors. In this environment, the Group expects to deliver at least organic growth of 6% with an operating margin of 8%* for the consolidated Group, absorbing the full dilutive effect of PDS Tech and generating a FCF of 5%.”
Copyright (c) 2019 CercleFinance.com. All rights reserved.