Akka had a busy end of the year: it completed its capital increase and unveiled a
EDAG Declined by 33% in Q2 2020
We were expecting EDAG would have a difficult Q2, as the company is very European and services mostly the automotive sector. However, we had not anticipated a decline of this scale: revenues were down by 32.6% in Q2. Unsurprisingly, the EBIT margin was significantly in negative territory (-14.4%).
UPDATED: Akka Suffers Greatly from its Lack of Client Diversification in H1 2020
Revenues Collapsed in H1 2020 Akka suffered greatly in H1 2020, with revenues down by 20.3%