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Sopra Steria, a European big tech firm, in collaboration with IDEMIA, the leader in identity technologies, has secured a contract to revamp the French government's fingerprint management system, crucial for criminal investigations and convictions. This project, FAED V3, aims to enhance system performance and interoperability with EU police systems, boosting law enforcement capabilities. Sopra Steria's expertise in software and contract services, combined with IDEMIA's biometric software development, promises a robust and high-performance solution.
Their successful past collaborations on strategic projects highlight their unrivaled biometric know-how. This new endeavor underscores their commitment to supporting French government departments and advancing law enforcement technologies. With a workforce of around 55,000 employees across nearly 30 countries, Sopra Steria specializes in consulting, digital services, and software development, driving digital transformation for clients worldwide.
On the other hand, IDEMIA, as the global leader in identity technologies, endeavors to unlock the world safely through cutting-edge R&D and expertise in biometrics and cryptography. With a focus on ethical and socially responsible solutions, IDEMIA secures billions of interactions daily across physical and digital realms. The company's impact spans over 180 countries, trusted by numerous governmental organizations and enterprises.
Sopra Steria has initiated exclusive negotiations to acquire 65.26% of CS GROUP at €11.50 per share, totaling €282.5 million. This acquisition aims to create a leading contractor in digital services for defense, security, space, and energy sectors. The deal is expected to increase earnings per share by 1.0% in the first year and 4.0% the next, driven by anticipated synergies. With this transaction, Sopra Steria seeks to strengthen its position in cybersecurity and aeronautics, enhancing capabilities in high-growth vertical markets amid rising geopolitical tensions affecting the defense sector.
Sopra Steria reported strong H1 2022 financial results with revenue of €2,543.8 million, a 9.3% increase, and organic growth of 7.3%. The operating margin improved to 8.0%, up 0.8 points from H1 2021. Net profit surged 32.0% to €112.3 million. Free cash flow reached €66.3 million, surpassing last year's figures. The firm also confirmed its 2022 targets, anticipating organic revenue growth between 5% and 6% and an operating margin between 8.5% and 9.0%. Despite geopolitical tensions, demand in key sectors like aeronautics and cybersecurity remains robust.
Sopra Steria Group, as per the French Commercial Code and General Regulations of the French financial authority, reported its share and voting rights as of 30 June 2022. The company has a total of 20,547,701 shares and 26,554,887 theoretical voting rights. The number of voting rights that can be exercised is 26,531,213. This information is crucial for shareholders and is disseminated in compliance with regulatory requirements.
As of June 30, 2022, Sopra Steria Group's liquidity contract with ODDO BHF SCA holds 12,851 shares and 1,049,901 euros in cash, reflecting a decrease from December 31, 2021, when it held 4,805 shares and 2,197,869.9 euros. Between January 1, 2022, and June 30, 2022, 2,057 purchases and 1,836 sales resulted in a total trading volume of 75,154 shares worth 11,867,465 euros purchased, and 67,108 shares worth 10,719,495.5 euros sold. This continues Sopra Steria's liquidity management strategy, initiated in May 2006.
Sopra Steria Group (Euronext Paris: SOP) has disclosed its share and voting rights information as of February 28, 2022. The group has a total of 20,547,701 shares and a theoretical number of 26,556,019 voting rights. However, 26,535,614 voting rights are available for exercise. This announcement is made in compliance with French regulations governing shareholder disclosures.
Sopra Steria is now a part of Euronext Tech Leaders, an initiative aimed at high-growth tech companies in Europe. With over 700 tech companies listed, Euronext supports firms like Sopra Steria, recognized for its consulting and digital services, by providing valuable resources throughout their listing journey. This initiative aims to strengthen the European tech sector, bringing together a diverse base of international investors and alumni from pre-IPO programs. Sopra Steria operates in nearly 30 countries, generating €4.7 billion in revenue in 2021.
The Combined General Meeting of Sopra Steria Group shareholders took place on June 1, 2022, with 1,323 shareholders representing 80.09% of voting rights. All 29 proposed resolutions were approved, including the financial statements for 2021 and compensation policies for directors. A total of 21,836,621 votes were cast, with the majority of resolutions receiving over 99% support. Notably, the meeting authorized the Board to increase share capital and issue shares without pre-emptive rights. The approved financial measures indicate continued strong governance and shareholder confidence.
Sopra Steria Group has disclosed its share and voting rights information as of 28 February 2022. The company reports a total of 20,547,701 shares with a theoretical number of voting rights of 26,570,610. The number of voting rights that can be exercised stands at 26,361,748. This release complies with the French Commercial Code and regulations set by the Autorité des Marchés Financiers.
FAQ
What is the significance of the FAED V3 project for the French government?
What are Sopra Steria and IDEMIA's roles in the FAED V3 project?
What previous successful projects have Sopra Steria and IDEMIA collaborated on?
What does Sopra Steria specialize in?
What is IDEMIA's mission as a company?
How many employees does IDEMIA have, and where is it trusted?
What is the core focus of IDEMIA's technologies?
Where can more information about Sopra Steria and IDEMIA be found?
What role does Sopra Steria play in developing the French fingerprint management system under the FAED V3 project?
What strategic advantages do Sopra Steria and IDEMIA's collaboration bring to the FAED V3 project?
