SOPRA STERIA’S ACTIVITIES AND STRATEGY
Revenue Revenue increased from €3,741.3 million in 2016 to €3,845.4 million in 2017, equating to total growth of 2.8%. That represents a rise of €104.1 million, which breaks down as follows: p a negative currency effect of €64.3 million, mainly due to sterling; p an effect of changes in the scope of consolidation of €38.9 million; Expenses included in Operating profit on business activity The ratio of staff costs to revenue increased by 0.3 points (60.6% in 2017 compared with 60.3% in 2016). The rate of consultant downtime (number of days between contracts excluding training, sickness, leave and pre-sales as a percentage of total number of workable days) was 3.9% over 12 months in 2017 (unchanged compared to 2016). Other operating expenses remained stable at 30.4% of revenue, with operating costs again broadly under control across all departments and countries. Depreciation, amortisation and provisions decreased by €28.3 million to €15.8 million in 2017 compared with €44.1 million in 2016. Reversals of provisions cover operating expenses up to the amount of €42.7 million. Over two-thirds of these reversals have been used. Operating profit on business activity The Group’s operating profit on business activity grew by 9.5% relative to 2016, to €329.8 million, a margin of 8.6% (compared to 8.0% in 2016). Profit from recurring operations Profit from recurring operations came to €286.8 million. That includes a €21.2 million expense related to share-based payments (€12.1 million in 2016) as a result of the extension during 2017 of p organic growth was €129.6 million or 3.5%.
the We Share employee share ownership plan and of the long-term incentive plan for the Group’s main managers. Operating profit Operating profit was €261.7 million after €25.1 million in other net operating expense (compared to net expense of €27.6 million in 2016), which includes €23.0 million in reorganisation and restructuring expenses. Financial items The cost of net financial debt remained stable at €6.8 million compared with €6.7 million in 2016. Tax expense Tax expense came to €73.5 million, versus €80.9 million in 2016, representing a Group-wide tax rate of 30.0%. Share of net profit from equity-accounted companies Income from equity-accounted associates totalled €1.7 million compared with €10.8 million in 2016. The consolidation of Axway under the equity method represented €10.4 million in 2016 compared with €1.4 million in 2017. Net profit The net profit attributable to the Group was €171.4 million after deducting €1.8 million in respect of minority interests, representing an increase of 14.0% (€150.4 million in 2016). Earnings per share Basic earnings per share came to €8.48 (compared with €7.50 the previous year), representing an increase of 13.0%.
❙ BALANCE SHEET AND FINANCIAL STRUCTURE
Assets (in millions of euros)
190.2 128.9 189.1
199.6 120.7 202.3
Property, plant and equipment Equity-accounted investments Other non-current financial assets
Retirement benefits and similar obligations
Deferred tax assets Non-current assets
Trade accounts receivable Other current receivables Cash and cash equivalents
Current assets Assets held for sale TOTAL ASSETS
SOPRA STERIA CONVENING NOTICE 2018
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