Edition:
United Kingdom

Sopra Steria Group FY Net Profit Down At EUR 125.1 Mln


Friday, 22 Feb 2019 

Feb 22 (Reuters) - Sopra Steria Group SA ::FY REVENUE UP 6.9% TO EUR 4,095.3 MILLION.ORGANIC GROWTH OF 4.9% OVER FULL YEAR, AND 5.5% IN 4TH QUARTER.FY NET PROFIT ATTRIBUTABLE TO GROUP OF EUR 125.1 MILLION (VERSUS EUR 172.5 MILLION IN 2017).FY OPERATING MARGIN ON BUSINESS ACTIVITY OF 7.5%, IN LINE WITH GUIDANCE GIVEN IN PRESS RELEASE OF 19 OCTOBER 2018.GROUP IS TARGETING ANNUAL ORGANIC REVENUE GROWTH OF BETWEEN 4% AND 6%.GROUP IS TARGETING ANNUAL AN OPERATING MARGIN ON BUSINESS ACTIVITY OF AROUND 10%.STRONG CASH GENERATION THAT LIFTED 2018 FREE CASH FLOW TO EUR 173.1 MILLION (VERSUS EUR 111.4 MILLION IN 2017).GROUP IS TARGETING ANNUAL FREE CASH FLOW OF BETWEEN 5% AND 7% OF REVENUE.GROUP'S OBJECTIVES FOR 2019 FINANCIAL YEAR ARE: ORGANIC REVENUE GROWTH OF BETWEEN 4% AND 6%.GROUP'S OBJECTIVES FOR 2019 FINANCIAL YEAR ARE SLIGHT IMPROVEMENT IN OPERATING MARGIN ON BUSINESS ACTIVITY.GROUP'S OBJECTIVES FOR 2019 FINANCIAL YEAR ARE FREE CASH FLOW IN EXCESS OF EUR 150 MILLION.