Report
Nicolas David

Sopra Steria Group : Deteriorating environment but valuation back at historical lows, ignoring the group’s resilience

>Q2 unlikely to see much improvement excluding calendar effects - Sopra Steria is due to report its H1 2024 results on 24 July. For the top line, as highlighted in the Q1 revenue release, the improvement in organic growth in Q2 is likely to be very limited and mainly related to calendar effects for which we estimate an impact of less than +1pt for y-o-y growth in Q2 vs Q1 (marginal increase y-o-y in number of days on average in Q2 for countries to which Sopra Steria i...
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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