Report
Nicolas David

Sopra Steria Group : Robust momentum that deserves a better valuation

>Decent Q3 revenues with growth ramping up - Sopra Steria published on Friday morning Q3 revenues of € 1,116m, beating estimates by 2%. This strong performance is due to organic growth of 8.9%, a shade above forecasts (ODDO BHF 8.5%; consensus 8.0%). The performance reflects a ramp-up in y-o-y growth compared to Q2, after an adjustment for the more favourable base effect. There was a positive surprise from the UK (+15.4% organic vs ODDO BHF +11%), which once again ben...
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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