Sopra Steria Group Un/Adr (SPPSY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to this quarter one 2026 revenue announcement for the first part of the conference. Participants will be able to listen only during the Q&A session. Participants can ask a question by dialing hash five on your telephone keypad. I'll now hand the floor to Rajesh Krishnamurthy, CEO. Over to you. Good morning, ladies and gentlemen. Welcome to this conference call to comment Soprasteria's revenue in Q1, 2026. I'm here with Etienne Designeaux, Group CFO, with whom I will lead this session. I'll start with a few general comments on the quarterly performance. Next, I'll go over the figures for our four reporting units. Finally, we'll finish with a Q&A session. Revenue in Q1 2026 stood at 1,463,200, growth 3.4% when compared with Q1 last year. At constant exchange and scope, growth in revenue was 3.2%. As previously announced, The revenue in Q1 2026 includes the first significant impact of the conclusion, which has been planned for several years and announced in 2023, of the SST program with the spider banks. The negative impact, which is not recurring, of the conclusion of this program was 1.2 points over the quarter. Thus, excluding the impact of the SST program, Underlying organic growth for Q1 was 4.4%. Q1 2026, this confirms the rebound in business activity which we observed as of Q4 2025. Business momentum improved across most of our geographies. All the group's reporting units, France, the UK, Europe excluding SFT and Solutions, saw growth in the first quarter. Even if the basis for comparison was favourable, Q1 2024 saw a contraction of 4.9%, but we've seen an acceleration in the aeronautics sector, which showed growth of 15% over 12 months, and in defence, security and space, which posted growth of 7% over 12 months. T...