Sopra Steria committed to a more sustainable & responsible world
CORPORATE RESPONSABILITY REPORT
EXTRACT FROM UNIVERSAL REGISTRATION DOCUMENT - 2020
* Le monde est tel que nous le façonnons.
MESSAGE FROM THE CHAIRMAN
Message from the Chairman
At the same time a year ago,
Sopra Steria had successfully reached several key milestones in the implementation of its corporate plan. We had met our annual earnings targets, and were resolutely adopting a medium-term perspective as we looked at ways of speeding up our development and confirming the performance trajectory that we had set for ourselves.
But this vision was swiftly disrupted as the Covid-19 virus took hold, triggering a serious economic crisis. The pandemic-related restrictions caused a wholesale drop in demand, especially in aerospace and railways, sectors in which Sopra Steria has a very strong presence. Conversely, our Group gained real traction in defence and broadly across the public sector, where we also have strong positions.
Amid these challenging conditions, our top priorities were keeping our employees safe and safeguarding service delivery for our clients. We also took steps to protect our skills base and jobs, even in the most severely affected sectors of activity.
The effects of the Covid-19 crisis were compounded late in the year by the steps we had to take to defend ourselves against the cyberattack that targeted our Group. While the attack was rapidly detected and our clients' security maintained, some of our information and production systems remained down for several weeks as a result of the remedial measures we took.
Despite the challenges, our results - both in terms of revenue and operating margin - reflect our impressively high level of resilience in 2020. Sopra Steria also generated strong cash flow, helping to cut the Group's net financial debt by 17.2%.
Even though major uncertainties remain at the start of the current year, Sopra Steria intends to build on its strong foundations and accelerate the execution of its strategic plan in 2021. The priorities are to bolster our consulting business and press ahead with digitalising our transformation solutions. In the banking sector, we will step up our drive to harness
"Sopra Steria intends to build on its strong foundations and accelerate the execution of its strategic plan in 2021."
Pierre Pasquier
Chairman and Founder of Sopra Steria Group
synergies between the software, consulting, integration and service businesses.
We will also push forward with an aggressive, but targeted acquisitions policy.
From the current year, we anticipate renewed organic growth in our business and an improvement in our operating margins.
Over the medium term, we confidently expect to be able to execute an ambitious, independent and value-creating corporate plan for all our stakeholders. This plan brings together employees, shareholders and partners, and targets a high level of business performance, while making a sustainable, human, purposeful contribution to society.
HISTORY AND CORPORATE PLAN
History and corporate plan
More than 50 years of continuous growth and transformation
IT services driving the modernisation of society
1968-69
Creation of Sopra: 1968
Creation of Steria: 1969
2014
Creation of Sopra HR Software
2014
Sopra Steria: birth of a European leader in digital transformation
2013
SSCL contract with the UK government
A new dimension, focused on our development and competitive edge
2015
Acquisition of CIMPA
Sopra Steria was formed from the 2014 merger between Sopra and Steria, two of France's longest-standing digital services companies founded in 1968 and 1969 respectively. Both companies have always been driven by entrepreneurial spirit and a collective commitment to meeting clients' needs. The Group is now a European leader in digital transformation solutions.
Key points of the corporate plan
An independent model
An independent model built on long-term vision and business performance, upholding the Group's responsibilities to the environment and to its stakeholders as a good corporate citizen.
1985
Driving digital transformation
2012
Creation or Sopra Banking Software
2017
Acquisitions of Cassiopae, Kentor, 2MoRO and Galitt
Entrepreneurial culture
Agility, rapid decision-making, and speed of execution are hard-wired into Sopra Steria's DNA. Our ethos is predicated on an unwavering focus on client service, autonomous decision-making, collective endeavour and respect for others.
A core shareholder backing the corporate plan
French institutional investors 29.4%Individual and other investors 11.6%
Treasury shares 0.2%
International institutional investors 30.2%
Financial performance at the heart of strategy
1990
Sopra's IPO on NYSE Euronext Paris
2011
Axway's IPO
2018
Acquisitions
- BLUECARAT and It-Economics in Germany
- O.R. System and Apak by Sopra Banking Software
1999 2000
Steria's IPO on NYSE Euronext Paris
2007 2005
Acquisition of Xansa, BPO expert
2019
- Acquisition of SAB and SFT (JV with Sparda)
- Launch of the Consulting brand: Sopra Steria Next
Importance of human capital
A rigorous talent-focused human resources policy combining strong collective mindset and the development of employees' skills.
Controlled share ownership and interests managed on behalf of employees 28.6% (42.1%)
Acquisition of Mummert Consulting
2020
Acquisitions
- Sodifrance and cxpartners
- Fidor Solutions for Sopra Banking Software
See Chapter 1 for more information
20,547,701 listed shares 26,583,239 exercisable voting rights XX.X% = percentage of share capital held
(XX.X%) = percentage of exercisable voting rights
TPI survey of identifiable owners of shares at 31/12/2020 - Ownership threshold of over 1,000 shares
See Chapter 7 for more information
INTEGRATED PRESENTATION OF SOPRA STERIA
OUR MISSION AND VALUES
Our mission and values
Our mission
Technology serves as a gateway to infinite possibilities.
As fascinating as this never-ending stream of innovations is, it also raises questions as to what is actually behind the frantic race for novelty and change.
Solutions are never straightforward or obvious, and there is certainly never just one way of doing things.
At Sopra Steria, our mission is to guide our clients, partners and employees towards bold choices to build a positive future by putting digital technology to work in service of humanity.
Beyond technology, we set great store by collective intelligence, in the firm belief it can help make the world a better place.
Values that bring us together
Putting customer service first
Professional excellence
Putting customer service first
We make a commitment to our clients over the long term to enhance their performance and enable them to reach the next level by leveraging our specialised knowledge of their sector of activity and innovative technologies.
Professional excellence
We offer our visionary, integrated approach and our broad range of expertise to help guide our clients, partners and employees towards bold choices and convert opportunities into tangible, sustainable results.
Respect for others
Together, we are building a highly promising future by delivering tangible benefits: sustainable solutions with positive impacts that take full account of interactions between digital technology and society.
There's still so much more we can achieve together.
Dare together
At Sopra Steria, we strive to create a stimulating, group-oriented environment inspiring free thinkers to engage in open and frank discussions. Our goal is to foster the development of skills and entrepreneurship in a community driven by a thirst for collective success.
Taking positive actionCollective mindset
Respect for others
Openness and curiosity
Taking positive action
Our core belief is that our collective endeavour makes us stronger, and that by working together we can find the best solutions. That's why we always listen carefully to and forge close relationships with our clients, partners and employees.
Collective mindset
We believe collective intelligence, harnessing team spirit and each individual's talents, can help drive positive change and make the world a better place in a sustainable manner, exceeding what technologies alone can do.
We want to make innovation deliver results for as many people as possible and offer sustainable solutions with a positive impact that responsibly and ethically shape interactions between digital technology and society.
Openness and curiosity
We encourage a bold, curious and accountable approach and seek to explore new avenues and employee innovative new technologies that can deliver transformative changes for everyone's benefit.
SOPRA STERIA
UNIVERSAL REGISTRATION DOCUMENT 2020
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Sopra Steria Group SA published this content on 18 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2021 17:21:02 UTC.