In Q3 20, the decrease in organic revenue (-5.9%) was above expectation due to France (-15.4%). The French activities were impacted by a drop of revenue in consulting services, aeronautics and transport, and by a management decision on paid leave for employees (not imposed in the lockdown and pushed in summer) that represented 5 to 6 growth points. Given the trend as of Q4 20, 2020 guidance was maintained excluding the impact of the cyberattack which is still under review.
28 Oct 2020
Underperformance in France
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Underperformance in France
Sopra Steria Group SA (SOP:PAR) | 0 0 0.2% | Mkt Cap: 3,148m
- Published:
28 Oct 2020 -
Author:
Hélène Coumes -
Pages:
3
In Q3 20, the decrease in organic revenue (-5.9%) was above expectation due to France (-15.4%). The French activities were impacted by a drop of revenue in consulting services, aeronautics and transport, and by a management decision on paid leave for employees (not imposed in the lockdown and pushed in summer) that represented 5 to 6 growth points. Given the trend as of Q4 20, 2020 guidance was maintained excluding the impact of the cyberattack which is still under review.