Consolidated revenue (1st January - 30 June)
|1st half-year revenue||101.0||70.3||+ 43.7 %|
In line with it stated growth objectives for the year, AKKA Technologies posted revenues of 101 M¤, thus confirming its growth dynamic.
The Group's organic growth remained buoyant and topped 10%. The first half year was noteworthy for many business successes, notably in the automotive and aeronautics segments. The Group is also continuing to take market share in the energy, telecommunications and shipbuilding sectors.
In the first half of the year, AKKA Technologies also finalised a new strategic acquisition by buying out in May 2007 the engineering branch of COMAU France. The growth prospects of this newly-formed automotive unit are also very bright as witnessed by the orders placed by major car makers and automotive components manufacturers.
The launch of the AKKA Institute, the group's training centre, is a testament to the fact that the group intends to primarily focus on its staff as part of its expansion policy and to continue aggressive organic growth opportunities.
International development is gathering pace
Foreign subsidiaries accounted for 13% of total business volume over the period, thus confirming the fact that the group international expansion is gaining momentum. The merger of SD&A, the group's latest acquisition abroad, and AKKA Belgium led to the formation of a new business entity called SD&AKKA. The integration was successful and the synergies between business segments and business lines are starting to yields results. Organic growth in Switzerland is picking up and the Italian and Germany markets show encouraging signs of recovery.
Continuation of an ambitious development plan
Based on this solid performance and the bright prospects for the second half of the year, AKKA Technologies is confident it can achieve its stated objective of reaching 200 M¤ in revenue in 2007.
The Group is pursuing an aggressive expansion plan in order to:
- Reach critical size in Italy and Switzerland, after Belgium,
- Expand significantly in Germany
- Continue to grown organically in France by expanding its networks of offices dedicated to the different business segments where it operates.
Next Press release: First-half year results on 26 September after the trading day
About AKKA Technologies
AKKA Technologies, a high-technology and engineering Consultancy is providing guidance to industrial companies across the various stages of their projects, from R&D and design to assembly-line production.
With an established presence in Western Europe (France, Belgium, Germany, Italy, UK and Switzerland), AKKA Technologies through its expertise in complementary fields delivers real added value to industrial companies in every market segment: automotive, aeronautics, space/defense, consumer electronics, telecommunications, chemicals, pharmaceuticals, steelmaking energy, rail and is recognized as such by key clients in each of these segments.
Thanks to its high mobile teams and its global footprint, AKKA Technologies is capable of participating in cutting-edge projects across the world.
AKKA Technologies is listed on EuronextTM Paris Eurolist - Compartment C - ISIN Code: FR0004180537.
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|AKKA TECHNOLOGIES||Euronext Paris||34.06 (c)||-0.09%||17 627|