Sopra Steria: raises organic growth target
(CercleFinance.com) - Sopra Steria now expects annual organic sales growth of at least 6% (vs.
4% to 6% previously), and has confirmed its other 2019 targets, including a slight improvement in its operating margin.
In H1 2019, the IT services group recorded net income, group share that is up 58.9% at 60.9 million euros, and an operating margin that rose by 0.2 percentage point to 6.8%.
Sales came in at 2,207.1 million euros, up 9.6%, including organic growth of 7.4% (including +7.5% in Q2) and free net cash flow that improved to -21.8 million euros, against -77.3 million euros at end-June 2018.
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