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Oct. 28, 2020, 4:14 a.m. EDT

Sopra Steria revenue falls on aeronautics weakness

By Mauro Orru

Sopra Steria Group SA said Wednesday that revenue for the third quarter fell, mostly due to a drop in business activity in the aeronautics sector.

The French consulting and software-development company said third-quarter revenue fell to 987.6 million euros ($1.17 billion) from EUR1.04 billion in the third quarter of 2019.

The result represents a decline of 5.9% organically.

Sopra Steria said the fall in business activity in the aeronautics sector began in the second quarter and worsened in the third quarter, falling about 30%.

The company reiterated its 2020 outlook, projecting a 2% to 4% organic decline in revenue, operating margin on business activity of between 6% and 7%, and free cash flow between EUR80 million and EUR120 million.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

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