The impact of the COVID-19 pandemic was limited in Q1 20. Organic revenue growth was +3.3% thanks to the good performance of the public sector in Scandinavia, solid growth of the two joint-ventures in the UK and the activities related to the information system for the Sparda banks in Germany. Q2 20 is expected to be more difficult with a decrease in organic revenue of 7-15% depending on customers’ reactions to the economic situation.
28 Apr 2020
Low impact of COVID-19 in Q1 20
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Low impact of COVID-19 in Q1 20
Sopra Steria Group SA (SOP:PAR) | 0 0 0.2% | Mkt Cap: 3,148m
- Published:
28 Apr 2020 -
Author:
Hélène Coumes -
Pages:
3
The impact of the COVID-19 pandemic was limited in Q1 20. Organic revenue growth was +3.3% thanks to the good performance of the public sector in Scandinavia, solid growth of the two joint-ventures in the UK and the activities related to the information system for the Sparda banks in Germany. Q2 20 is expected to be more difficult with a decrease in organic revenue of 7-15% depending on customers’ reactions to the economic situation.