(Reuters) – Capgemini goes up on the stock market on Tuesday after reporting a 0.4% drop in its turnover at constant exchange rates, a lower decline than planned by the group and analysts thanks to the North America regions and the United Kingdom and Ireland.
On the Paris Stock Exchange, around 07:20 GMT, the title took 8.11% while at the same time, the SBF 120 advanced by 0.1%.
Over the first three months of the year, the French group recorded a turnover of 5.55 billion euros after 5.53 billion euros the previous year and above the expectations of analysts of Stifel and JPMorgan which were tablated on 5.51 billion euros.
“We carried out a first trimester slightly higher than our expectations in a macroeconomic and geopolitical environment which remains difficult,” said Director General Aiman ​​Ezzat in a press release.
“Given the current context in international trade and customs prices, we confirm our financial objectives for 2025, thus retaining the prudent approach adopted at the start of the year,” he added.
In a note, Jefferies analysts greet a result “better than they had feared”.
“Although it is clearly positive, uncertainty in the market in general and in the trends of (its) peers is sufficient for this that does not result in a lasting inflection of the confidence of investors”, they nevertheless nuanced in the note.
As announced in February, the group aims to grow turnover at constant exchange rates between -2% and +2%, operating margin between 13.3% and 13.5% and a generation of organic cash flow of around 1.9 billion euros.
(Written by Pauline Foret, edited by Kate Entringer and Augustin Turpin)
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