[July 28, 2016] |
|
Sopra Steria: First-Half 2016 in Line with 2017 Objectives
Regulatory News:
At its meeting on 27 July 2016 chaired by Pierre Pasquier, Sopra
Steria's Board of Directors (Paris:SOP) approved the financial
statements for the first half of 2016. The Statutory Auditors have
conducted a limited review of the financial statements.
|
|
|
|
|
|
|
|
|
|
|
|
Sopra Steria: 2016 Half-year results
|
|
|
|
|
|
H1 2016
|
|
|
|
H1 2015
Reported
|
|
Key income statement items
|
|
Revenue
|
|
€m
|
|
1,878.8
|
|
|
|
1,768.1
|
|
|
|
Total growth
|
|
|
|
+ 6.3%
|
|
|
|
|
|
|
|
Organic growth*
|
|
|
|
+ 5.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
€m / %
|
|
134.2
|
|
7.1%
|
|
107.4
|
|
6.1%
|
|
Profit from recurring operations
|
|
€m / %
|
|
114.0
|
|
6.1%
|
|
97.5
|
|
5.5%
|
|
Operating profit
|
|
€m / %
|
|
103.2
|
|
5.5%
|
|
66.1
|
|
3.7%
|
|
Net profit - Group share
|
|
€m / %
|
|
54.0
|
|
2.9%
|
|
26.9
|
|
1.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares in issue excl. treasury shares
|
|
m
|
|
20.01
|
|
|
|
19.73
|
|
|
|
Basic earnings per share
|
|
€
|
|
2.70
|
|
|
|
1.36
|
|
|
|
Key balance sheet items
|
|
|
|
|
|
30/06/2016
|
|
|
|
31/12/2015
|
|
Net financial debt
|
|
€m
|
|
719.6
|
|
|
|
530.8
|
|
|
|
Equity (Group share)
|
|
€m
|
|
1,006.7
|
|
|
|
1,194.4
|
|
|
|
* Alternative performance measures are defined in the glossary
at the end of this document
|
|
|
|
Comments on business activity and operating performance for the first
half of 2016
Sopra Steria Group had a dynamic first-half 2016, with revenue of
€1,878.8 million, up 6.3%. Growth at constant scope and exchange rates
was 5.4%.
The Group's operating profit on business activity grew by 25.0% with
respect to the first half of 2015, to €134.2 million, yielding a margin
of 7.1% - up one point from the previous year.
In France, first-half revenue came to €778.8 million,
representing organic growth of 9.5%.
-
Consulting & Systems Integration was particularly buoyant,
with revenue of €677.6 million, representing organic growth of 11.5%.
This momentum was driven in particular by the robust growth in
strategic key accounts (up 13%) and in Consulting (up 22%). It was
also due to lower levels of consultant downtime in early 2016 and to
the three additional invoicing days in the second quarter. This change
reflected above all the Group's capacity to position itself to respond
to large-scale global requests for proposals and has been illustrated
by the signing of major deals. The highest-performing vertical markets
were defence and transport. The activity's growth was coupled with
improved profitability: the operating margin on business activity came
to 9.8% in first-half 2016 versus 9.6% in first-half 2015.
-
I2S (Infrastructure & Security Services) recorded revenue
of €101.2 million. In the IT infrastructure management business, which
generated 90% of the entity's revenue, sales momentum improved, with a
tighter focus on higher value-added projects. As such, negative growth
in the second quarter was contained at 1.3% (versus negative growth of
4.5% in Q1 2016). Positive growth may resume in 2017. The
cybersecurity business continued to record strong revenue growth (up
6.3% in the half-year period). In terms of profitability, I2S
continued to pursue its recovery plan in the first half of 2016. At 30
June 2016, the operating margin on business activity had improved as
planned to 0.5%, versus -0.5% at 30 June 2015.
The United Kingdom posted first-half 2016 revenue of €483.4
million (26% of Group revenue), representing slightly negative growth of
0.9% at constant perimeter and exchange rate. In this region, 78% of
business is based on relatively non-cyclical multi-year contracts (for
services such as outsourcing of business processes, IT infrastructure
management and application management). Public-sector activities - which
generated 68% of the entity's revenue, half of which was through two
joint ventures with the UK authorities - posted organic growth of 0.8%
for the half-year period. Private-sector activities, which are currently
being reorganised, were down 4.0%. The region's operating margin on
business activity improved in first-half 2016, amounting to 7.3% (6.4%
in first-half 2015).
Revenue for the Other Europe region was €355.6 million for
first-half 2016, representing organic growth of 5.7%. Continuing the
trend seen in the first quarter, nearly all countries posted growth.
Spain, Italy and the Benelux (Belgium/Netherlands/Luxembourg) region
were particularly buoyant, with organic growth of over 10%. The region's
profitability improved substantially, with the operating margin on
business activity reaching 4.4%, versus 0.6% in first-half 2015. Germany
was a key driver of this recovery, with an operating margin on business
activity of 3.4% in the first half of 2016, versus -4.5% for the same
period in the previous year.
Sopra Banking Software posted revenue of €160.2 million for the
first half of 2016, representing organic growth of 7.4%. The half-year
period was marked by good momentum in services and a strong sales
performance for the Platform and Amplitude products. An
important milestone was reached in the renewal of La Banque Postale's IT
system, with the first delivery of the account management module a few
months after that of the lending module. Another highlight of Q2 2016
was the signing of a strategic partnership with Société Générale and La
Banque Postale, through their joint subsidiary Transactis, to process
European and international bank transfers and direct debits using the Sopra
Banking Platform for Payments software solution. This partnership
offers Sopra Banking Software new prospects in the field of payments.
Lastly, the integration of Cassiopae, which contributed €14.4 million to
revenue for the half-year period, proved promising. For Sopra Banking
Software, the operating margin on business activity came to 4.3% in the
first six months of the year (7.2% in first-half 2015), reflecting the
impact of investments in research and development in the half-year
period (up €6 million with respect to first-half 2015). In line with its
roadmap for 2017, the entity will continue to target an annual operating
margin on business activity of around 10%.
Other Solutions (HR and Real estate solutions) posted
revenue of €100.7 million for first-half 2016, representing organic
growth of 1.7%. The deferral of some contract signings from the
first half to the second half of the year should lead to more buoyant
growth in the second part of the year. In terms of profitability, the
reporting unit recorded a 0.4 point increase in its operating margin on
business activity, which came to 9.2% (8.8% in first-half 2015).
Comments on net profit for the first half of 2016
Profit from recurring operations came to €114.0 million. This includes a
€10.2 million expense related to share-based payments following the
implementation of an employee share ownership plan, as announced on
22 March 2016, including a portion for shares acquired by employees and
a portion for matching employer contributions.
Operating profit was €103.2 million after a net expense of €10.7 million
for other operating income and expenses. These included €7.9 million in
reorganisation and restructuring expenses, significantly less than in
the first half of 2015 (€30.4 million).
The tax expense was €44.4 million in the half-year period, versus €25.2
million in the first half of 2015.
The share of profit of equity-accounted companies (mainly Axway) was
€3.8 million (€0.2 million in first-half 2015).
After €0.2 million attributable to minority interests, the net profit
attributable to the Group doubled, amounting to €54.0 million,
equivalent to 2.9% of revenue (compared with 1.5% of revenue at 30 June
2015).
Basic net earnings per share also doubled, coming to €2.70 (€1.36 at
30/06/15).
Workforce
At 30 June 2016, the Group's total workforce consisted of 39,200 people
(38,450 at 31 December 2015), with 16.9% working in X-Shore zones.
Changes in scope
The Group made a number of acquisitions in first-half 2016:
-
Cassiopae, a developer of specialised finance and real estate
management software, which posted revenue of €50 million in 2015
(consolidated in Q2 2016);
-
LASCE Associates, a consulting firm specialising in operational
excellence for industry and logistics, which posted revenue of €8
million in 2015 (consolidated in Q3 2016);
-
EchoSystems, a start-up that develops digital solutions for managing
and operating real estate assets, which posted revenue of around €1
million in 2015 (consolidated in Q2 2016);
-
An 8.62% stake in Axway's share capital sold by Société Générale,
bringing Sopra Steria's shareholding in Axway to 33.52%.
Financial position at 30 June 2016
Sopra Steria's financial position at 30 June 2016 is robust in terms of
both financial ratios and liquidity.
Free cash flow for the first half of the year, which is traditionally a
period of net cash outflows, improved with respect to first-half 2015
(an outflow of €100.6 million versus an outflow of €163.2 million).
Net financial debt is €719.6 million at the end of June 2016, equal to
2.2x EBITDA (with the bank covenant stipulating a maximum of 3x).
At 30 June 2016, the Group has €1.6 billion in financing, of which €1
billion was available. The Group's bank facilities were renegotiated on
7 July 2016 for a period of five years (with extensions possible to 2022
and 2023).
Targets for 2016
The Group confirms its targets for the full 2016 financial year:
- organic revenue growth of between 3% and 5%
- an operating margin on business activity of more than 7.5%
- a strong increase in free cash flow
The targets for 2017 remain unchanged:
- revenue of between €3.8 billion and €4 billion
- an operating margin on business activity of between 8% and 9%
Presentation meeting
The results for the first half of 2016 will be presented to analysts and
investors in French on 28 July 2016 at 9:00 a.m. CET, at the Shangri-La
Hotel in Paris.
The presentation may be attended remotely via a bilingual webcast in
French and English:
Register for the French-language webcast: http://edge.media-server.com/m/p/ejiqmqg8
Register for the English-language webcast: http://edge.media-server.com/m/p/ejiqmqg8/lan/en
Or by phone:
French-language phone number: +33 (0)1 70 77 09 27
English-language phone number: +44 (0)203 367 9457
Practical information on the presentation and webcast can be found in
the "Investors" section of the Group's website: www.soprasteria.com
Next financial release
Thursday, 3 November 2016 (before market open): publication of Q3 2016
revenue
Glossary
-
Restated revenue: Revenue for the
prior year, expressed on the basis of the scope and exchange rates for
the current year.
-
Organic revenue growth: Increase
in revenue between the period under review and the restated revenue
for the same period in the prior financial year.
-
EBITDA: This measure, as defined
in the Registration Document, is equal to the consolidated operating
profit on business activity adding back depreciation and
amortisation and current provisions.
-
Operating profit on business activity:
This measure, as defined in the Registration Document, is equal to
profit from recurring operations adjusted to exclude the expense
relating to the cost of services rendered by the grantees of stock
options and free shares and additions to the amortisation of allocated
intangible assets.
-
Profit from recurring operations:
This measure is equal to operating profit before other operating
income and expenses, which contains any particularly significant items
of operating income and expense that are unusual, abnormal, infrequent
or not predictive, presented separately in order to give a clearer
picture of performance based on ordinary activities.
-
Free cash flow: Free cash flow is
defined as the net cash from operating activities (as described in the
consolidated cash flow statement in the Registration Document), less
investments (net of disposals) in tangible and intangible fixed
assets, adjusted for net interest and less additional contributions to
address any deficits in defined-benefit pension plans.
Disclaimer
This presentation contains forward-looking information subject to
certain risks and uncertainties that may affect the Group's future
growth and financial results. Readers are reminded that licence
agreements, which often represent investments for clients, are signed in
greater numbers in the second half of the year, with varying impacts on
end-of-year performance. Actual outcomes and results may differ from
those described in this document due to operational risks and
uncertainties. More detailed information on the potential risks that may
affect the Group's financial results are available in the 2015
Registration Document filed with the Autorité des Marchés Financiers
(AMF) on 22 April 2016 (see pages 33 and following in particular). Sopra
Steria does not undertake any obligation to update the forward-looking
information contained in this document beyond what is required by
current laws and regulations. The distribution of this document in
certain countries may be subject to certain laws and regulations.
Persons physically present in countries where this document is released,
published or distributed should inquire as to any applicable
restrictions and should comply with those restrictions.
About Sopra Steria
Sopra Steria, a European leader in digital transformation, provides one
of the most comprehensive portfolios of end-to-end service offerings on
the market: consulting, systems integration, software development,
infrastructure management and business process services. Sopra Steria is
trusted by leading private and public-sector organisations to deliver
successful transformation programmes that address their most complex and
critical business challenges. Combining high quality and performance
services, added value and innovation, Sopra Steria enables its clients
to make the best use of digital technology. With over 39,200 employees
in more than 20 countries, Sopra Steria had revenue of €3.6 billion in
2015.
Sopra Steria (SOP) is listed on Euronext Paris (Compartment A) - ISIN:
FR0000050809 For more information, please visit our website: www.soprasteria.com
Annexes
|
|
|
|
|
|
Sopra Steria: Impact on revenue of changes in scope and exchange
rates - H1 2016
|
|
€m
|
|
H1 2016
|
|
H1 2015
|
|
Growth
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
1,878.8
|
|
1,768.1
|
|
+ 6.3%
|
|
Changes in scope
|
|
|
|
54.9
|
|
|
|
Change in exchange rates
|
|
|
|
-39.8
|
|
|
|
Revenue at constant scope and exchange rates
|
|
1,878.8
|
|
1,783.3
|
|
+ 5.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sopra Steria: changes in exchange rates - H1 2016
|
|
For €1 / %
|
|
Average rate H1 2016
|
|
Average rate H1 2015
|
|
Change
|
|
|
|
|
|
|
|
|
|
Pound sterling
|
|
0.7788
|
|
0.7323
|
|
- 6.0%
|
|
Norwegian krone
|
|
9.4197
|
|
8.6483
|
|
- 8.2%
|
|
Swedish krona
|
|
9.3019
|
|
9.3401
|
|
+ 0.4%
|
|
Danish krone
|
|
7.4497
|
|
7.4562
|
|
+ 0.1%
|
|
Swiss franc
|
|
1.0960
|
|
1.0567
|
|
- 3.6%
|
|
|
|
|
|
|
|
|
|
Sopra Steria: Revenue by reporting unit (€m / %) - H1 2016
|
|
|
|
H1 2016
|
|
H1 2015 Restated*
|
|
H1 2015 Reported
|
|
Organic growth
|
|
Total growth
|
|
|
|
|
|
|
|
|
|
|
|
|
|
France
|
|
778.8
|
|
711.1
|
|
666.2
|
|
+ 9.5%
|
|
+ 16.9%
|
|
United Kingdom
|
|
483.4
|
|
487.6
|
|
518.3
|
|
- 0.9%
|
|
- 6.7%
|
|
Other Europe
|
|
355.6
|
|
336.3
|
|
346.3
|
|
+ 5.7%
|
|
+ 2.7%
|
|
Sopra Banking Software
|
|
160.2
|
|
149.2
|
|
138.3
|
|
+ 7.4%
|
|
+ 15.8%
|
|
Other Solutions
|
|
100.7
|
|
99.0
|
|
99.0
|
|
+ 1.7%
|
|
+ 1.7%
|
|
Sopra Steria Group
|
|
1,878.8
|
|
1,783.3
|
|
1,768.1
|
|
+ 5.4%
|
|
+ 6.3%
|
|
* Revenue at 2016 scope and exchange rates
|
|
|
|
|
|
|
|
|
|
|
|
Sopra Steria: Revenue by reporting unit (€m / %) - Q2 2016
|
|
|
|
Q2 2016
|
|
Q2 2015 Restated*
|
|
Q2 2015 Reported
|
|
Organic growth
|
|
Total growth
|
|
|
|
|
|
|
|
|
|
|
|
|
|
France
|
|
391.1
|
|
351.0
|
|
332.9
|
|
+ 11.4%
|
|
+ 17.5%
|
|
United Kingdom
|
|
246.2
|
|
244.7
|
|
266.7
|
|
+ 0.6%
|
|
- 7.7%
|
|
Other Europe
|
|
185.0
|
|
171.8
|
|
176.4
|
|
+ 7.7%
|
|
+ 4.9%
|
|
Sopra Banking Software
|
|
91.5
|
|
80.5
|
|
69.3
|
|
+ 13.7%
|
|
+ 32.0%
|
|
Other Solutions
|
|
51.8
|
|
50.8
|
|
50.8
|
|
+ 2.0%
|
|
+ 2.0%
|
|
Sopra Steria Group
|
|
965.6
|
|
898.8
|
|
896.1
|
|
+ 7.4%
|
|
+ 7.8%
|
|
* Revenue at 2016 scope and exchange rates
|
|
|
|
|
|
|
|
Sopra Steria: Performance by reporting unit - H1 2016
|
|
|
|
|
|
|
H1 2016
|
|
|
|
H1 2015
|
|
|
|
|
|
|
€m
|
|
|
|
%
|
|
|
|
€m
|
|
|
|
%
|
|
|
|
France
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
778.8
|
|
|
|
|
|
|
|
666.2
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
66.8
|
|
|
|
8.6%
|
|
|
|
53.3
|
|
|
|
8.0%
|
|
|
|
Profit from recurring operations
|
|
|
59.5
|
|
|
|
7.6%
|
|
|
|
53.0
|
|
|
|
8.0%
|
|
|
|
Operating profit
|
|
|
54.6
|
|
|
|
7.0%
|
|
|
|
32.3
|
|
|
|
4.8%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of which C&SI (including CIMPA)
|
|
|
|
|
|
|
|
|
|
|
|
Organic growth
|
|
|
+ 11.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
677.6
|
|
|
|
|
|
|
|
562.8
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
66.3
|
|
|
|
9.8%
|
|
|
|
53.8
|
|
|
|
9.6%
|
|
|
|
Profit from recurring operations
|
|
|
59.5
|
|
|
|
8.8%
|
|
|
|
53.5
|
|
|
|
9.5%
|
|
|
|
Operating profit
|
|
|
57.0
|
|
|
|
8.4%
|
|
|
|
38.4
|
|
|
|
6.8%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
of which I2S
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Organic growth
|
|
|
- 2.1%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
101.2
|
|
|
|
|
|
|
|
103.4
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
0.5
|
|
|
|
0.5%
|
|
|
|
-0.5
|
|
|
|
-0.5%
|
|
|
|
Profit from recurring operations
|
|
|
0.0
|
|
|
|
0.0%
|
|
|
|
-0.5
|
|
|
|
-0.5%
|
|
|
|
Operating profit
|
|
|
-2.4
|
|
|
|
-2.4%
|
|
|
|
-6.1
|
|
|
|
-5.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United Kingdom
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
483.4
|
|
|
|
|
|
|
|
518.3
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
35.4
|
|
|
|
7.3%
|
|
|
|
33.3
|
|
|
|
6.4%
|
|
|
|
Profit from recurring operations
|
|
|
29.3
|
|
|
|
6.1%
|
|
|
|
26.9
|
|
|
|
5.2%
|
|
|
|
Operating profit
|
|
|
29.2
|
|
|
|
6.0%
|
|
|
|
25.2
|
|
|
|
4.9%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Europe
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
355.6
|
|
|
|
|
|
|
|
346.3
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
15.8
|
|
|
|
4.4%
|
|
|
|
2.2
|
|
|
|
0.6%
|
|
|
|
Profit from recurring operations
|
|
|
13.9
|
|
|
|
3.9%
|
|
|
|
1.7
|
|
|
|
0.5%
|
|
|
|
Operating profit
|
|
|
11.1
|
|
|
|
3.1%
|
|
|
|
-4.9
|
|
|
|
-1.4%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sopra Banking Software
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
160.2
|
|
|
|
|
|
|
|
138.3
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
6.9
|
|
|
|
4.3%
|
|
|
|
9.9
|
|
|
|
7.2%
|
|
|
|
Profit from recurring operations
|
|
|
2.6
|
|
|
|
1.6%
|
|
|
|
7.2
|
|
|
|
5.2%
|
|
|
|
Operating profit
|
|
|
1.1
|
|
|
|
0.7%
|
|
|
|
7.2
|
|
|
|
5.2%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Solutions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue
|
|
|
100.7
|
|
|
|
|
|
|
|
99.0
|
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
9.3
|
|
|
|
9.2%
|
|
|
|
8.7
|
|
|
|
8.8%
|
|
|
|
Profit from recurring operations
|
|
|
8.7
|
|
|
|
8.6%
|
|
|
|
8.7
|
|
|
|
8.8%
|
|
|
|
Operating profit
|
|
|
8.1
|
|
|
|
8.0%
|
|
|
|
6.4
|
|
|
|
6.5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sopra Steria: Consolidated income statement - H1 2016
|
|
|
|
|
|
|
H1 2016
|
|
|
|
|
|
H1 2015
Reported
|
|
|
|
|
|
|
€m
|
|
|
%
|
|
|
€m
|
|
|
%
|
|
|
|
Revenue
|
|
|
1,878.8
|
|
|
|
|
|
1,768.1
|
|
|
|
|
|
|
Staff costs
|
|
|
-1,150.8
|
|
|
|
|
|
-1,084.4
|
|
|
|
|
|
|
Operating expenses
|
|
|
-572.9
|
|
|
|
|
|
-554.0
|
|
|
|
|
|
|
Depreciation, amortisation and provisions
|
|
|
-20.9
|
|
|
|
|
|
-22.3
|
|
|
|
|
|
|
Operating profit on business activity
|
|
|
134.2
|
|
|
7.1%
|
|
|
107.4
|
|
|
6.1%
|
|
|
|
Expenses related to stock options and related items
|
|
|
-10.2
|
|
|
|
|
|
-0.4
|
|
|
|
|
|
|
Amortisation of allocated intangible assets
|
|
|
-10.1
|
|
|
|
|
|
-9.5
|
|
|
|
|
|
|
Profit from recurring operations
|
|
|
114.0
|
|
|
6.1%
|
|
|
97.5
|
|
|
5.5%
|
|
|
|
Other operating income and expenses
|
|
|
-10.7
|
|
|
|
|
|
-31.4
|
|
|
|
|
|
|
Operating profit
|
|
|
103.2
|
|
|
5.5%
|
|
|
66.1
|
|
|
3.7%
|
|
|
|
Cost of net financial debt
|
|
|
-3.8
|
|
|
|
|
|
-4.1
|
|
|
|
|
|
|
Other financial income and expenses
|
|
|
-4.6
|
|
|
|
|
|
-7.7
|
|
|
|
|
|
|
Income tax expense
|
|
|
-44.4
|
|
|
|
|
|
-25.2
|
|
|
|
|
|
|
Share of net profit from equity-accounted companies
|
|
|
3.8
|
|
|
|
|
|
0.2
|
|
|
|
|
|
|
Net profit
|
|
|
54.2
|
|
|
2.9%
|
|
|
29.3
|
|
|
1.7%
|
|
|
|
Group share
|
|
|
54.0
|
|
|
2.9%
|
|
|
26.9
|
|
|
1.5%
|
|
|
|
Minority interests
|
|
|
0.2
|
|
|
|
|
|
2.4
|
|
|
|
|
|
|
Weighted average number of shares in issue excl. treasury shares (m)
|
|
|
20.01
|
|
|
|
|
|
19.73
|
|
|
|
|
|
|
Basic earnings per share (€)
|
|
|
2.70
|
|
|
|
|
|
1.36
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sopra Steria: Simplified balance sheet (€m) - 30/06/2016
|
|
|
30/06/2016
|
|
|
31/12/2015
|
|
|
|
|
|
|
Goodwill
|
|
1,571.9
|
|
|
1,586.9
|
Allocated intangible assets
|
|
172.1
|
|
|
186.5
|
Other fixed assets
|
|
160.9
|
|
|
162.8
|
Equity-accounted investments
|
|
192.6
|
|
|
154.4
|
Fixed assets
|
|
2,097.5
|
|
|
2,090.7
|
|
|
|
|
|
|
Net deferred tax
|
|
152.3
|
|
|
127.0
|
|
|
|
|
|
|
Trade accounts receivable (net)
|
|
1,118.1
|
|
|
1,099.8
|
Other assets and liabilities
|
|
-1,036.6
|
|
|
-1,117.2
|
Working capital requirement (WCR)*
|
|
81.5
|
|
|
-17.4
|
Assets + WCR
|
|
2,331.3
|
|
|
2,200.1
|
|
|
|
|
|
|
Equity
|
|
1,040.7
|
|
|
1,233.1
|
Provisions for post-employment benefits
|
|
447.6
|
|
|
309.4
|
Provisions for contingencies and losses
|
|
123.4
|
|
|
126.8
|
Net financial debt
|
|
719.6
|
|
|
530.8
|
Capital invested
|
|
2,331.3
|
|
|
2,200.1
|
* After reclassification of certain items in WCR as of
31/12/2015
|
|
|
Sopra Steria: Changes in net financial debt - H1 2016
|
(€m)
|
|
H1 2016
|
|
|
H1 2015
|
|
|
|
|
|
|
Net debt at beginning of period (A)
|
|
530.8
|
|
|
442.4
|
Cash flow from operations before cost of net financial debt and tax
|
|
140.2
|
|
|
102.2
|
Tax paid
|
|
-33.0
|
|
|
-6.1
|
Change in operating working capital requirement
|
|
-172.9
|
|
|
-226.0
|
Net cash from/used in operations
|
|
-65.7
|
|
|
-129.9
|
Change relating to investing activities
|
|
-20.1
|
|
|
-17.7
|
Net financial interest paid
|
|
-4.0
|
|
|
-5.3
|
Additional contributions related to defined-benefit pension plans
|
|
-10.8
|
|
|
-10.4
|
Free cash flow
|
|
-100.6
|
|
|
-163.3
|
Changes in scope
|
|
-104.7
|
|
|
-
|
Financial investments
|
|
-0.1
|
|
|
3.4
|
Dividends received from equity-accounted companies
|
|
0.2
|
|
|
-
|
Capital increases in cash
|
|
2.0
|
|
|
-
|
Transactions in treasury shares
|
|
9.3
|
|
|
-22.6
|
Other changes
|
|
-0.1
|
|
|
0.3
|
Total net change for the period (B)
|
|
-194.0
|
|
|
-182.2
|
Changes in exchange rates (C)
|
|
5.2
|
|
|
6.5
|
Net debt at period-end (A-B-C)
|
|
719.6
|
|
|
618.1
|
|
|
|
|
|
|
|
|
Sopra Steria: Workforce breakdown - 30/06/2016
|
|
|
|
30/06/2016
|
|
|
31/12/2015
|
|
France
|
|
18,223
|
|
|
17,606
|
|
United Kingdom
|
|
6,581
|
|
|
6,722
|
|
Other Europe
|
|
7,607
|
|
|
7,495
|
|
Rest of the World
|
|
147
|
|
|
134
|
|
X-Shore
|
|
6,642
|
|
|
6,493
|
|
Total
|
|
39,200
|
|
|
38,450
|
|
|
|
|
|
|
|
|
View source version on businesswire.com: http://www.businesswire.com/news/home/20160727006514/en/
[ Back To TMCnet.com's Homepage ]
|