Report
Nicolas David

Sopra Steria Group : Still sustained growth in Q3. Slowdown expected logically enough for Q4

>Still a very strong performance in Q3 2019 - We were on a road show with Sopra Steria on Friday, 25 October in Paris (lunch with the CEO and CFO one-on-one with the Head of IR), following the publication of their Q3 2019 revenues. Organic growth came in at 8.3% y-o-y, ahead of expectations (ODDO BHF’s estimate: +5.9%) and an acceleration vs Q2 thanks to an undemanding base effect at the SBS level and a positive calendar effect. The gap with our forecasts stemmed...
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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