Sopra Group: Feedback from Paris roadshow

BUY, Fair Value EUR101 (+10%)

News published on February Monday 24, 2014
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Last week we organised a roadshow in Paris with Sopra’s Chairman Pierre Pasquier and IR Kathleen Bracco. The key messages of this event were: 

1). France is likely to keep outperforming its market;

2). Margins are likely to improve in Europe, Banking Software and HR Access; and 

3). Acquisitions are on the agenda for 2014. Despite a 53% surge in 6 months, we deem the share price should keep increasing. 

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