Sopra Steria Group: Q1 15 sales in line despite weakness in the UK, FY15 guidance reiterated

BUY, Fair Value EUR90 (+17%)
News published on April Tuesday 28, 2015
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This morning Sopra Steria reported Q1 15 sales in line with expectations - despite some weakness in the UK - thanks to a strong performance at Sopra Banking Software and double-digit growth in Spain and Italy. FY15 guidance is reiterated, but we deem there is leeway to beat it as the synergies progress throughout the year. We do not expect significant share price reaction short term.

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