Friday, 14 November 2008

Steria sees UK, France Q3 rebound

(By Anthony Miller) We didn’t catch Steria’s 3Q report till late yesterday, but it was pretty positive across the board, following its profit warning a couple of weeks ago (see Steria profit warning sees off France CEO). The UK, now Steria’s largest market since the acquisition of Xansa, grew 2% (constant currency) to €183m (~£145m), with France growing 5% to €130m (~£105m). Overall growth was 4% to €412m (~£330m). Steria has started to pick up some pretty juicy BPO contracts in the UK now that Xansa is firmly under its belt. We’ll be meeting UK MD, John Torrie, soon to get a clearer picture.

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