Report
Nicolas David

Sopra Steria Group : Q3 org growth marginally below expectations and FY 2024 guidance reiterated. Reassuring performance in the current context

>Q3 2024 org growth of 0.0% y-o-y marginally below expectations (0.4% org) - Q3 2024 revenue stands at € 1357m up +0.9% y-o-y, -1.4% below expectations (ODDO BHF: € 1,379m; css: € 1,376m).Organic growth stands at 0.0% y-o-y, -40bp below previous quarter (vs Q2 24 +0.4% org). This figure is -40bp below expectations (ODDO BHF: 0.2%; css: 0.4%).IT Services growth stands at -0.3% org, -70bp below previous quarter (vs 0.4% org in Q2 2024), and -40bp below expect...
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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