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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sopra Steria Group | EU:SOP | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.60 | -0.91% | 175.10 | 174.30 | 175.50 | 178.00 | 172.80 | 177.70 | 35,828 | 16:40:00 |
Full-year organic growth target adjusted
Operating margin target confirmed
Regulatory News:
Sopra Steria (Paris:SOP), a major player in the European tech sector, has announced its preliminary, unaudited financial results for the first half of 2024. The operating margin on business activity is in line with expectations and the full-year target (“between 9.5% and 10.0%”). Organic revenue growth is lower than expected and a significant rebound in the second half of the year is not foreseeable. As planned, the final results for the first half of the year will be released on 24 July after market close.
Cyril Malargé, Chief Executive Officer of Sopra Steria Group, commented:
“Several external events that took place in June need to be taken into account in our revenue growth outlook for the second half of 2024. The environment became far more uncertain in France, triggering a significant slowdown in our clients’ decision-making processes. The aeronautics sector, despite a very encouraging medium- and long-term outlook, is presenting some short-term difficulties in ramping up production, which are negatively affecting our order intake. Lastly, in the United Kingdom, we are facing a temporary delay in the ramp-up of a significant contract, which is now expected to make a positive contribution to growth in 2025. However, despite this context, the Group’s focus on shifting its range of offerings towards higher added value is beginning to deliver results. The increase in the operating margin on business activity in the first half of the year was in line with our roadmap, which allows us to confirm our initial full-year target and aim for a level close to 10% in 2024.”
Conference call
A bilingual (French and English) conference call will be held today (Thursday, 18 July) at 6:30 p.m. (Paris time).
Practical information about this presentation can be found in the ‘Investors’ section of the Group’s website: https://www.soprasteria.com/investors
The quiet period will resume this evening at the end of the conference call. The final results for the first half of 2024 will be presented, as previously announced, to financial analysts and investors in a French/English webcast on Wednesday, 24 July 2024 at 6:30 p.m. (Paris time).
Upcoming financial releases
Wednesday, 24 July 2024 (after market close): Publication of H1 2024 results
Thursday, 31 October 2024 (before market open): Publication of Q3 2024 revenue
Glossary
Disclaimer
This document contains forward-looking information subject to certain risks and uncertainties that may affect the Group’s future growth and financial results. Readers are reminded that licence agreements, which often represent investments for clients, are signed in greater numbers in the second half of the year, with varying impacts on end-of-year performance. Actual outcomes and results may differ from those described in this document due to operational risks and uncertainties. More detailed information on the potential risks that may affect the Group’s financial results can be found in the 2023 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on 15 March 2024 (see pages 40 to 46 in particular). Sopra Steria does not undertake any obligation to update the forward-looking information contained in this document beyond what is required by current laws and regulations. The distribution of this document in certain countries may be subject to the laws and regulations in force. Persons physically present in countries where this document is released, published or distributed should enquire as to any applicable restrictions and should comply with those restrictions.
About Sopra Steria
Sopra Steria, a major player in the European tech sector with 56,000 employees in nearly 30 countries, is recognised for its consulting, digital services and software development. It helps its clients drive their digital transformation and obtain tangible and sustainable benefits. The Group provides end-to-end solutions to make large companies and organisations more competitive by combining in-depth knowledge of a wide range of business sectors and innovative technologies with a fully collaborative approach. Sopra Steria places people at the heart of everything it does and is committed to putting digital to work for its clients in order to build a positive future for all. In 2023, the Group generated revenue of €5.8 billion. The world is how we shape it. Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) – ISIN: FR0000050809 For more information, visit us at www.soprasteria.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20240718516510/en/
Investor Relations Olivier Psaume olivier.psaume@soprasteria.com +33 (0)1 40 67 68 16
Press Relations Caroline Simon (Image 7) caroline.simon@image7.fr +33 (0)1 53 70 74 65
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