Report
Nicolas David

Sopra Steria Group : Re-rating potential still on the cards despite the post-publication rise

>Top-tier H1 2023 results… - Sopra Steria yesterday published a set of H1 results that beat expectations (organic Q2 growth of 7% vs. 5%e and operating margin of 8.8% vs. 8.3%e), notably on back of an excellent performance in the UK, driven by joint ventures with SSCL and NHS and the Aerospace & Defence sector. The other divisions reported solid growth that was globally in line with forecasts. The improvement in the operating margin (+80bp y/y in spite of a negative c...
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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