COFRAMI Back On Track to Break Even
Consolidated revenue (1 Jan - 30 June)
|First-half year revenue||194.7||101.0||+ 92,8%|
Half-year business activities grew substantially in line with this year's objectives
AKKA Technologies's consolidated revenue stands at 194.7 M¤. Excluding COFRAMI, organic growth is up 24.5% to 126.1 M¤.
AKKA Technologies was selected as subcontractor for the extended study of the A350 XWB keel beam (centre box and bottom structure). The Group is to carry out the study of the bottom structure and the centre box, a vital aircraft element located in the lower part of the central section of the fuselage. A seven-year contract has been signed for what constitutes a key component of the A- 350 aircraft's aero-structure.
The Group was listed by EADS E2S as preferred Engineering Synergy Supplier:This listing encompasses all companies of the EADS Group in France and outside and is an addition to the Applications Service listing obtained in September 2007 in the field of management computing and information systems.
The Group was listed as supplier by BOUYGUES TELECOM: Bolstered by the expertise acquired by COFRAMI in the management of service contracts for telecommunications companies, AKKA Technologies was recently listed as major supplier to Bouygues Télécom.
The first half of the year confirmed that COFRAMI is poised to achieve a fast-recovery. The company is on track to reach break-even point thanks to increased productivity and rate repositioning.International expansion continues unabated: 500 staff; The client portfolio has been widely diversified thanks to the implementation of cross-border synergies.
Foreign subsidiaries as an engine of growth posted a 45 % organic growth over the period
AKKA Technologies confirms its 2008 objectives
This first half of 2008 has seen the final integration of COFRAMI both in terms of financial balance and Group synergies and was characterized by a sustained pace of growth for the Group as a whole.
For the full financial year, AKKA Technologies will continue to pursue its twin goal of:
Achieving organic revenue growth above 10% ;
Speeding up development of its foreign subsidiaries.
Despite a tense recruiting situation, the HR department as well as all teams will do everything to hit their target of people recruited in 2008
Next press release: First-half results on 9th September after close of the trading session
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.
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, etc.
Thanks to its high mobile teams and its global footprint, AKKA Technologies participates in cutting-edge projects across the world.
At 30 June 2008, AKKA Technologies employed 5,200 staff and had over 40 subsidiaries in France, Belgium, the UK, Switzerland, Morocco and Romania
AKKA Technologies is listed on NYSE-EuronextTM Paris - Compartment C - ISIN Code: FR0004180537.
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|AKKA TECHNOLOGIES||Euronext Paris||43.30||-1.16%||2 553|