Sopra Steria hits all-time high on guidance hike

Sopra Steria SA

27/07/2023 10:33

** Shares in Sopra Steria  SOPR.PA  soar 9.8%, hitting their
highest level of all time, after the company revises upward its
FY revenue guidance on the back of improved performance in H1
    ** The French digital services and consulting company now
expects an organic revenue growth of at least 6% (versus
"between 3% and 5%" previously)
    ** "The Group’s performance in the first half of the year
and our visibility into the second half have enabled us to raise
our full-year revenue guidance for 2023," says company's CEO
Cyril Malargé in a statement
    ** Sopra Steria also published H1 revenue up 11.6% at 2,840
million euros ($3.16 billion) and an operating profit for the
same period up 9.3% at EUR 177.1 mln
    ** The stock is set for best day in 2 years, today's gains
pushing it up to 43.9% year-to-date
    ** Stock sits at the top on SBF 120 index  .SBF120 


($1 = 0.8978 euros)

 (Reporting Clement Martinot)
 ((Clement.martinot@tr.com))