Sopra Steria: expects roughly stable sales
(CercleFinance.com) - IT group Sopra Steria has announced its unaudited preliminary financial results for H1 2024.
H1 2024 sales are estimated at E2,949.4m, i.e. total growth of 3.8% and organic growth of 0.3%.
Its H1 2024 operating margin is estimated at 9.7%, up 0.9 point on H1 2023. The impact of classifying Sopra Banking Software's activities as available-for-sale assets is estimated at +0.5 point (+0.2 point on an annual basis).
The net margin rate from continuing operations for H1 is estimated at over 5.5% (compared with 4.3% in H1 2023) before taking into account net income from discontinued operations and minority interests.
For FY 2024, in line with H1, Sopra Steria forecasts for fairly stable organic sales and an operating margin of at least 9.7%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
H1 2024 sales are estimated at E2,949.4m, i.e. total growth of 3.8% and organic growth of 0.3%.
Its H1 2024 operating margin is estimated at 9.7%, up 0.9 point on H1 2023. The impact of classifying Sopra Banking Software's activities as available-for-sale assets is estimated at +0.5 point (+0.2 point on an annual basis).
The net margin rate from continuing operations for H1 is estimated at over 5.5% (compared with 4.3% in H1 2023) before taking into account net income from discontinued operations and minority interests.
For FY 2024, in line with H1, Sopra Steria forecasts for fairly stable organic sales and an operating margin of at least 9.7%.
Copyright (c) 2024 CercleFinance.com. All rights reserved.