Sopra Steria Group: Q1 16 sales above expectations, FY16 guidance revised upwards

BUY, Fair Value EUR121 vs. EUR113 (+19%)

News published on May Tuesday 3, 2016
Share on

We reiterate our Buy rating and raise our DCF-derived Fair Value to EUR121 from EUR113, as we increase our adj. EPS ests. by 3% (+EUR4/share) and raise our medium-term lfl sales growth assumption to +4.5% from +4% (+EUR4/share). This morning Sopra Steria reported Q1 16 sales above our forecast and the consensus average thanks to an impressive performance in France, despite some weakness in the UK. FY16 lfl revenue growth guidance is upped to +3-5% from more than +2%. We expect the share price to react positively short term.

For more information, please contact

The Essentials

Everything you need to know about investment banking dedicated to growth
Recent Transactions Highlights
From M&A, to IPOs see what’s been happening at Bryan, Garnier & Co this year
Join our Team
Bryan, Garnier & Co is always looking for talent in all our divisions, at all levels
Explore our opportunities