Q1 2021 Sopra Steria Group SA Corporate Sales Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Antonin Baudry - HSBC, Research Division - Analyst : 3 questions on organic growth targeted in 2021. First of all, how has the first quarter, has it been above your forecast? Are there any particular matters or areas that have worked better than what was planned? And then organic growth, return to growth in Q2. Do you have an idea of the level of growth that might be achieved in Q2 and the granularity for this growth with regards to other quarters? And then finally, even if visibility is reduced, if we -- if the current trends continue, is it possible to aim for the top of the range of organic growth targeted in 2021?

Question: Antonin Baudry - HSBC, Research Division - Analyst : And then just a follow-up with Sopra Banking Software now. With regards to the performance in the first quarter, could you let us know what you expect for the year? If you have any specific comments and then just the way we finished the quarter?

Question: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst : So I'm not aware that Derric has been recruited, does he? So I'd like to come back to -- on finance question with regards to the surprises in Q1. You were surprised by lack of activity. We're talking about volume or prices, which were perhaps under levels planned. And then for the month of April, I think it's continuing this way, or is there potentially a negative inflection point? Or are there some sectors which are currently impacted? Obviously, I know you don't want to talk about Q2, but 3% of 2019 quarter in -- 2019 in Q2. When we look at these comparison basis, obviously, it seems easier. But we start to see perhaps the growth could be around 10% in Q2. And then is there any other -- are there any other factors that we've seen -- obviously, we've seen defense as a ramp-up here. We'll see the impact of this in the second half. Are there any other things that might slow things down that we need to bear in mind, obviously, in addition to the activity that you've spoken about? And then a technical question. Is there a calendar effect due to the number of working days?

Question: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst : And then just 1 question. Do you think you can increase your market share coming out of this crisis, perhaps in the different geographies? Is there anything you can say from this point of view?

Question: Gregory K. Ramirez - Bryan Garnier & Co Ltd, Research Division - Analyst : I just wanted to come back to solutions activity, Sopra's SBS and then the other solutions. Could we have some more details on the changes in turnover within these operating units? So for example, with SBS, between the platform and then amplitude and then specialized lending, and then clarification, obviously, when you're talking about EUR 60 million -- EUR 6 million compared with EUR 8 million in licenses, if those are the right figures. Sorry, I might have forgotten the figures. So for Q1, does this also include subscription? So I'm thinking about APAC. And then with regards to other solutions, what are the changes between real estate and then HR? Is BPO pushing in the HR domain? Is that pushing growth? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. APRIL 28, 2021 / 6:00AM, SOPR.PA - Q1 2021 Sopra Steria Group SA Corporate Sales Call

Question: Gregory K. Ramirez - Bryan Garnier & Co Ltd, Research Division - Analyst : Okay. So perhaps no -- perhaps there are different changes with regards to subscriptions?

Question: Gregory K. Ramirez - Bryan Garnier & Co Ltd, Research Division - Analyst : And then for Q2 with SBS, return to growth in turnover, does this also regard services? Given that there was a latency, obviously, between the license sales a year ago, will services restart? Perhaps they're running late with regard to licenses.