Report
Nicolas David

Sopra Steria Group : Sopra Steria’s positioning and strategy merit a better valuation

>New 2024 guidance that aims to be de-risked - Sopra Steria has been obliged to revise down its 2024 guidance for organic growth (to c.0% vs 2% to 4% previously) due to the cost-cutting measures announced by Airbus (account now expected to be down by -10% vs an improvement initially anticipated for H2), the delayed ramp-up of the contract with N&SI in the UK and, to a lesser extent, the wait-and-see attitude triggered by the political situation in France. That said, t...
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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