FIRST-HALF 2019 RESULTS

Pressemitteilungen — 10, September 2019

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41% INCREASE IN NET PROFIT

H1 2019 PERFORMANCE
  • Excellent performance in H1
  • Revenue growth of 25.2% at €891.4 million
  • Operating margin excluding PDS Tech: up 40bp to 7.3%
  • AKKA North America operating margin tripled
OUTLOOK FOR 2019 REITERATEDTARGETS FOR 2019 CONFIRMED

  • Organic growth:    ≥ 6%
  • Operating margin: ≥ 8%
  • FCF:                      ≥ 5%

 

Mauro Ricci, Chairman and Chief Executive Officer of AKKA, commented:

“We performed very well during the first half of the year. The successful integration of PDS Tech demonstrates the relevance of the AKKA business model in the United States and is paving the way for further diversification in aerospace. The shift in R&D strategies in the German automotive sector has fanned hesitancy among OEMs affecting traditional workloads. Thanks to its positioning, AKKA is reaping the benefit of the major developments in digital, which are supporting our growth and our margins. Our new Strategic Customers Department is helping to better harness AKKA’s dual expertise in both engineering and digital, which lies at the heart of the digital transformation challenges facing its clients. The series of high value-added large contracts we have won is proof-positive of this successful start and it will help us to accelerate the pace at which we aim to reach all our CLEAR 2022 targets.”

H1 2019 RESULTS

(€ million)H1 2019H1 2018% change
Revenue891.4711.9+25.2%
Operating profit from ordinary operations excluding PDS Tech55.248.8+13.1%
As a % of revenue7.3%6.9%+40bp
PDS Tech4.80 
Operating profit from ordinary operations160.048.8+23.0%
As a % of revenue6.7%6.9% 
Operating profit 45.137.1+21.6%
As a % of revenue5.1%5.2% 
Net profit group share226.318.7+40.8%
As a % of revenue2.9%2.6%+30bp
EPS1.310.95+38.2%

 

The AKKA Group’s Board of Directors met on 4th, September 2019 to approve the financial statements for the first six months of 2019. The following figures include the impact of IFRS 16 – “Lease Contracts”. Appendix 4 contains a reconciliation of the key figures for the first half before and after the introduction of IFRS 16.

 

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1 Operating profit calculated before non-recurring items and costs related to stock options and free shares
2 Net profit Group share after IFRS 16

 

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10 Sep 2019

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FIRST-HALF 2019 RESULTS

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