Steria UK: SSCL significant contributor to FY14 growth

Last week, Steria announced its FY13 results. For multiple reasons, the UK business stole the show (see 'A promising year ahead for Steria'). Though organically revenue declined by 1.4% to €691.5m, this was the most positive result of Steria’s major geographies; France declined by 5.6% and Germany by 1.6%. In addition, the UK performance rebounded in Q4 with 5.5% growth, notably driven by public sector. With a 10% operating margin, the UK now accounts for 40% of Group revenues and 63% of Group operating margin.

Steria’s performance in FY14 will be significantly boosted by the Cabinet Office SSCL deal (see Steria & SSCL: a pivotal deal). In UKHotViewsExtra, Georgina O’Toole considers the performance of Steria UK in FY13, the importance of the SSCL contract, and the FY14 outlook. If you are not yet a subscriber, please contact Deb Seth to find out more.

Posted by Georgina O'Toole at '14:10' - Tagged: results   publicsector   bps