Capgemini: lowers targets for 2024

(CercleFinance.com) - On the occasion of its quarterly trading update, Capgemini has lowered its 2024 target range for sales growth to between -2% and -2.
4% at constant exchange rates, and has tightened its target range for operating margin to between 13.3% and 13.4%.

The IT services group posted Q3 2024 sales of E5.38bn, down 1.6% at constant exchange rates, for a 9m total of just over E16.5bn, down 2.3%.

Our growth improved slightly in Q3 compared with Q2, despite a more unfavourable context than anticipated in certain sectors, mainly manufacturing, it says.

Capgemini also announces the resignation of Olivier Roussat from his directorship with immediate effect, reducing the number of directors to 14, including two representing employees and one representing employee shareholders.


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