Capgemini now expects annual income to fall after uneven first half

PARIS (Agefi-Dow Jones) – Digital providers group Capgemini introduced on Friday that it anticipated a fall in its turnover for 2024, however had beforehand anticipated a rise, after half-year gross sales had been revealed barely decrease than anticipated, punished by the decline. of the automotive and aviation sectors and with the weak spot of the monetary providers sector.

For 2024 as a complete, Capgemini now forecasts a decline in its exercise of 0.5% to 1.5% at fixed alternate charges. The group beforehand anticipated the evolution of its turnover at fixed alternate charges between 0% and three%.

“As anticipated, our development momentum started to enhance within the second quarter and is progressing favorably in nearly all of our companies, sectors and divisions. The advance is especially evident in North America Nevertheless, the tempo of this improvement within the second half can be affected by the decline within the outlook for the automotive and aviation sectors, and a smaller restoration in monetary providers”, mentioned the CEO of the group, Aiman ​​​​Ezzat , in a press launch.

The group confirmed its different objectives for this 12 months, specifically an working margin of 13.3% to 13.6% and the era of natural free money circulate of round 1.9 billion euros.

For the interval between January and June, the group’s turnover stood at 11.14 billion euros, down 2.5% in revealed knowledge in comparison with the primary six months of 2023. At fixed alternate charges, income fell with 2.6%. In natural knowledge, ie at fixed alternate charges and scope, turnover decreased by 3%.

In line with the consensus established by FactSet, analysts on common anticipated a turnover of 11.15 billion euros.

For the second quarter alone, exercise fell 1.9% at fixed alternate charges and a pair of.3% on an natural foundation.

Working revenue stood at 1.15 billion euros, secure over one 12 months. The working margin reached 1.38 billion euros, in comparison with 1.41 billion euros a 12 months earlier, representing 12.4% of turnover, secure over one 12 months.

Web revenue, group phase, reached 835 million euros, in comparison with 809 million euros for the primary six months of 2023.

Natural free money circulate was constructive, at 163 million euros within the first half, in comparison with a detrimental circulate of 53 million euros within the first six months of 2023.

-Pierre-Jean Lepagnot, Agefi-Dow Jones +33 (0)1 41 27 47 95; pjlepagnot@agefi.fr editor: LBO

CAPGEMINI monetary disclosures:

https://www.fr.capgemini.com/media-analyst/newsroom/communiques-financiers

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July 26, 2024 01:50 ET (05:50 GMT)