Report
Nicolas David

Sopra Steria Group : Another good performance in H1, which deserves a better valuation

>Q2 organic growth of 8%, well above expectations - Yesterday morning Sopra Steria reported Q2 2022 sales of € 1,276m, for organic growth of 8.1%, much higher than expected (ODDO BHF: 6.3%; consensus: 5.2%). The real positive surprise came from the UK (+10% yoy org vs ODDO BHF: 1.5% org) thanks to exceptionally high volumes on platforms, especially for visa management. The other divisions performed in line with expectations or slightly better (see p.2). Net hires...
Underlying
Sopra Steria Group SA

Sopra Steria Group is a global player in IT services, with operations in consulting, software development, and integration. In addition to France, Co. operates in the United Kingdom, Spain, Italy, Switzerland, Germany, and Belgium, assisting its clients in managing the transformation of their businesses and information systems. Co. divides its operation into three categories: Consulting, Systems and Solutions Integration, and Software Development; which it spreads among eight major verticals: Financial Services, Insurance and Social Welfare, Public Sector, Telecom Operators, Aerospace and Defense, Energy, Transport and Courier Services, and Retail.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Nicolas David

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