Summary
Sopra Steria has reported a revenue of €1,415.0 million for Q1 2025, marking a 4.7% decrease compared to the previous year. The company experienced a contraction of 4.9% in organic growth, which is slightly better than the forecasted range of -5% to -6%. The CEO noted that while market conditions were tough, performance was slightly better than expected with an anticipated improvement in Q2.
Key updates include a stabilisation in the aeronautics sector, the successful launch of a major programme in the UK, and a significant contract extension worth £300 million. The company aims to strengthen its position in consulting and digital services across Europe by 2028.
Key Points
- Q1 2025 revenue: €1,415.0 million, a 4.7% decline from Q1 2024.
- Organic contraction was reported at 4.9%, slightly better than guidance.
- Stabilisation in the aeronautics sector and a positive start on the NS&I programme in the UK.
- A £300 million contract extension was secured, enhancing public sector service delivery.
- Targets for 2025 include organic revenue growth between -2.5% and +0.5%.
Why should I read this?
If you’re keen on keeping your finger on the pulse of the tech industry, this article is a must-read! It highlights Sopra Steria’s latest revenue figures and strategic moves within a challenging market context. Understanding their performance and outlook could give you valuable insights into trends that might affect similar companies in the sector. We’ve done the legwork for you, so dive in!