By Nina Kienle


Shares in Sopra Steria fell as the company set out revenue growth targets through 2028 that exclude next year, which is expected to be a challenging period for the industry.

In morning trading in Europe, shares in the French consulting and digital-services company traded 6.3% lower at 172.40 euros, down 12% year to date.

Sopra Steria said Thursday that it is targeting to exceed 7 billion euros ($7.35 billion) in revenue in 2028. The target is driven by organic growth of between 2% and 5% per year post-2025, it said.

AlphaValue analysts point out that this excludes the coming year, which could see macroeconomic and political challenges, particularly in France, they say.

The company backed its 2024 full-year guidance last month, while peers Capgemini and Alten previously cut theirs following stronger-than-expected headwinds amid a weaker market.

Sopra Steria targets an improved operating margin for 2028 of between 10% and 11%. For 2024, it continues to target an operating margin of at least 9.7%, it said.

Revenue for 2024 is expected to be relatively stable on an organic basis. For the third quarter, revenue amounted to 1.36 billion euros, it said.


Write to Nina Kienle at nina.kienle@wsj.com


(END) Dow Jones Newswires

12-12-24 0554ET