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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 Group (SOP) announced the success of its We Share 2022 employee share ownership plan, with more than one-third of eligible employees participating. The plan, launched in February across 14 countries, involved 200,000 shares, including 100,000 purchased by employees and 100,000 as free matches from the company. It was oversubscribed by over 200%. Following the plan's completion, employee-held shares represented around 7% of the share capital, making them the second-largest shareholder group. Shares subscribed were delivered on May 5, 2022.
Sopra Steria reported a total revenue of €1,267.7 million for Q1 2022, achieving an 8.8% growth from Q1 2021. Organic revenue growth stood at 6.5%. The company's workforce increased by 4.3% compared to the previous year, with substantial growth in India at 12.2%. The defence and aeronautics sectors contributed significantly to revenue, accounting for 20% of the total. Despite the geopolitical uncertainties from the Ukraine invasion, there has been no observable impact on client purchasing decisions.
Sopra Steria Group shareholders are invited to the Combined General Meeting on June 1, 2022, at 2:30 p.m. in Paris. Due to the Covid-19 pandemic, participation methods may change, and shareholders are advised to check the company’s website for updates. Notice of the meeting was published on April 4, 2022. Shareholders can request necessary documents until five days before the meeting, and all documents will be available for inspection at the company’s office 15 days prior to the meeting.
Sopra Steria Group has disclosed transactions involving its own shares in compliance with regulatory obligations. On April 13, 2022, the company reported buying back a total of 2,829 shares at a weighted average price of €167.83. Previous transactions on April 12 included purchases of 3,518 shares at €167.85 and 2,179 shares at €168.32. Transactions are brokered through ODDO & CIE and were aimed at employee share plans.
Sopra Steria Group has provided its shareholders with an update regarding the number of shares and voting rights as of 28 February 2022. The total number of shares is 20,547,701, with a theoretical number of voting rights at 26,479,788. However, the number of voting rights that can be exercised stands at 26,309,311. This disclosure is in compliance with French commercial regulations to ensure transparency for investors.
Sopra Steria Group has announced as of April 4, 2022, the total voting rights and share capital ahead of its general meeting scheduled for June 1, 2022. The total number of shares stands at 20,547,701, with a theoretical number of voting rights at 26,521,600. However, the number of voting rights that can actually be exercised is 26,345,177. This information has been released in compliance with French commercial regulations.
Sopra Steria Group has disclosed share buyback transactions as per EC Regulation 596/2014, emphasizing compliance with AMF regulations. On April 8, 2022, the company bought back shares with a total volume of 2,554 at an average price of €167.14. The previous day, it purchased 3,423 shares at an average price of €168.30. Throughout the week, share prices remained relatively stable, with notable transactions recorded on April 6, 2022, at prices ranging from €29 to €36. These actions are seen as strategic for reinforcing shareholder value.
Sopra Steria has secured a €1.1 billion syndicated credit facility linked to sustainability metrics, specifically targeting greenhouse gas emissions reduction. This financing, oversubscribed by major banking partners, aligns with Sopra Steria's goal to cut emissions by 85% per employee by 2040. The initiative, supported by Crédit Agricole CIB and LCL, will finance impactful digital projects aimed at climate change mitigation. Recognized on the A list of the CDP Climate Change ranking, Sopra Steria continues to drive its ecological initiatives, reinforcing its commitment to sustainable practices and corporate responsibility.
Sopra Steria Group has disclosed share buyback transactions as required by regulatory directives. On March 28, 2022, the company purchased a total of 2,159 shares at an average price of €167.0165, while on March 29, it bought 674 shares at €169.6286. The transactions continue through March 31, with significant volumes recorded, averaging between €166 and €170 per share. These buybacks aim to support employee shares and optimize capital structure.
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?
