OUR SHARE ADVISORY ON SOPRA STERIA – The digital services company (ESN) reported a good third quarter and reiterated its annual targets. The share price is benefiting.
By gaining up to 7% on Thursday October 31 on the Paris Bourse, Sopra Steria’s share price welcomed investors’ relief at the ESN’s quarterly publication. It must be said that it contrasts with the one released by Capgemini the day beforewhich caused the stock to fall by the same amount.
From July to September, Sopra Steria posted sales of 1.36 billion euros, representing growth of 0.9% and stable organic growth. It should be noted that the activities of Sopra Banking Software (SBS), whose sale was finalized on September 2, were removed from the Group’s scope of consolidation during this period.
Contrasting performances by country
In detail, and on a like-for-like basis, Europe showed little dynamism, with the exception of certain countries such as Spain, Italy and Norway: overall, sales contracted by 0.5% to 467.7 million euros. Similarly, France, which accounts for 42% of sales, slipped by 1.2%, due to sluggishness in the aerospace, financial services and energy sectors…