Half Year 2024 Sopra Steria Group SA Earnings Call Transcript
Key Points
- Revenue increased by 3.8% compared to H1 2023, indicating solid performance despite external challenges.
- Operating margin on business activity improved to 9.7%, up from 8.8% in H1 2023.
- Net profit from continuing operations attributable to the group rose by 50.5%, reaching EUR169.3 million.
- Successful integration of acquisitions like CS Group and Ordina, contributing positively to the group's performance.
- Strong pipeline in sectors like defense, transport, and public sector, with significant contracts won in cybersecurity and AI.
- Organic growth target for the full year had to be adjusted due to a 'wait-and-see' climate and external factors.
- Aerospace sector facing short-term difficulties, impacting the order book.
- Temporary delay in the ramp-up of a significant contract in the UK, affecting short-term performance.
- Free cash flow stood at EUR44 million, impacted by the postponement of the collection of research tax credits.
- Increased uncertainty in France, with investment decisions being pushed back, leading to lower discretionary spending.
Good afternoon, ladies and gentlemen, and welcome to this conference call for the Sopra Steria 2024 H1 results announcement. This call is recorded and your questions on you'll be connected online on listening mode only. If you wish to ask any questions, please dial star one on your telephone keypad. Star one on your telephone keypad. To be connected to the operator now hand the floor to Cyril Malarge, CEO of Sopra Steria, to start over to you.
Thank you. Hello, and good afternoon, ladies and gentlemen. Welcome to this webcast for the surface area 2024 H. one results announcement. I will begin this presentation with agendas, and you have the Group CFO. I'll start by going over the highlights of each one, then the operating position by reporting unit. Then agenda, I will present the details of the financial results. Then we'll conclude with our priorities for the second half and our financial targets for 2024.
We'll finish with a Q&A session. Firstly, just to make sure that this presentation is clear, it's
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
