Organic revenue growth and the operating margin on the activity were above guidance in 2017. This was not the case for free cash flow which was impacted by a lower than expected collection of trade receivables and the delay of the migration of the Metropolitan Police onto the SSCL platform. There is likely to be a moderate increase in the operating margin rate in 2018, considering the investments in France and the UK and at Sopra Banking Software which are needed to achieve the 2020 target.
19 Feb 2018
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Sopra Steria Group SA (SOP:PAR) | 0 0 0.2% | Mkt Cap: 3,148m
- Published:
19 Feb 2018 -
Author:
Hélène Coumes -
Pages:
3
Organic revenue growth and the operating margin on the activity were above guidance in 2017. This was not the case for free cash flow which was impacted by a lower than expected collection of trade receivables and the delay of the migration of the Metropolitan Police onto the SSCL platform. There is likely to be a moderate increase in the operating margin rate in 2018, considering the investments in France and the UK and at Sopra Banking Software which are needed to achieve the 2020 target.