Groupe Steria announces that an agreement has been reached with AURELIUS for the sale of 100% of its Spanish subsidiary. The closing of the transaction is scheduled to occur in the next few weeks.
Paris, France, 22/10/2012 - Steria Iberica generated 2011 revenues of ¤42.2 million (2% of Group revenue) and an operating margin of ¤(3.7) million.
On an annual basis, the transaction should be accretive by 30 basis points in the operating margin rate.
From an accounting perspective, the sale would generate a non-recurring charge after tax of around ¤10 million in the 2012 financial year (without any impact on the expected net financial debt). Moreover, the activity will be excluded in 2012 from the current activity of the Group.
The agreement reached with AURELIUS does not modify the Group strategy in Europe and has been considered as the best way forward for Steria Iberica and its employees.
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About Steria: www.steria.com
Steria delivers IT enabled business services which help organisations in the public and private sectors to operate more efficiently and profitably. By combining in-depth understanding of its clients' businesses with expertise in IT and business process outsourcing, Steria takes on clients' challenges and develops innovative solutions to address them. Through its highly collaborative consulting style, the company works with clients to transform their businesses, enabling them to focus on what they do best. Steria's 20,000 people, working across 16 countries, support the systems, services and processes that make today's world turn, touching the lives of millions around the globe each day.
Founded in 1969, Steria has offices in Europe, India, North Africa and South East Asia and generated 2011 revenues of ¤1.75 billion. 21%(*) of Steria's capital is owned by its employees. Headquartered in Paris, Steria is listed on the Euronext Paris market.
(*): including the Employees Shares Trust in the United Kingdom
Tel: +33 1 34 88 55 60 / +33 6 17 64 29 39
Groupe Steria Press Office
Tel: +33 1 43 12 55 52 / 62
 Classified in "discontinued activities" according to accounting terminologyInformation réglementée
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