Sage Group (SGE)

Sector:

IT Services

Index:

FTSE 100

634.20p
   
  • Change Today:
    -0.60p
  • 52 Week High: 853.80
  • 52 Week Low: 595.60
  • Currency: UK Pounds
  • Shares Issued: 1,018.77m
  • Volume: 1,222,481
  • Market Cap: £6,461m
  • RiskGrade: 136

Sage reports flat H1 profits, sees margin rise

By Frank Prenesti

Date: Friday 13 May 2022

LONDON (ShareCast) - (Sharecast News) - Company software provider Sage Group reported flat interim profits and revenue as organic growth in all regions was offset by disposals and foreign exchange headwinds.
The company on Friday said pre-tax profit for the six months to March 31 fell 1% to £189m and revenue slipped to £934m from £937m.

On an organic basis, which excludes contributions from disposed businesses, profit rose 4% to £184m, in line with expectations.

Organic recurring revenue increased by 8% to £866m, underpinned by Sage Business Cloud growth of 21% to £572m. Organic total revenue grew by 5% to £924m.

Sage maintained its annual outlook and continued to expect organic recurring revenue growth in the region of 8% - 9%, driven by strength in Sage Business Cloud, and in "cloud native revenues in particular".

"Organic operating margin is expected to trend upwards in full-year 2022 and beyond, as we focus on scaling the group," the company said.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sage Market Data

Currency UK Pounds
Share Price 634.20p
Change Today -0.60p
% Change -0.09 %
52 Week High 853.80
52 Week Low 595.60
Volume 1,222,481
Shares Issued 1,018.77m
Market Cap £6,461m
RiskGrade 136

Sage Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.57% below the market average79.57% below the market average79.57% below the market average79.57% below the market average79.57% below the market average
51.58% above the sector average51.58% above the sector average51.58% above the sector average51.58% above the sector average51.58% above the sector average
Price Trend
26.09% below the market average26.09% below the market average26.09% below the market average26.09% below the market average26.09% below the market average
2.75% below the sector average2.75% below the sector average2.75% below the sector average2.75% below the sector average2.75% below the sector average
Income
43.55% below the market average43.55% below the market average43.55% below the market average43.55% below the market average43.55% below the market average
47.06% above the sector average47.06% above the sector average47.06% above the sector average47.06% above the sector average47.06% above the sector average
Growth
83.64% below the market average83.64% below the market average83.64% below the market average83.64% below the market average83.64% below the market average
92.08% below the sector average92.08% below the sector average92.08% below the sector average92.08% below the sector average92.08% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 7
Sell 1
Strong Sell 4
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sage Dividends

  Latest Previous
  Interim Final
Ex-Div 26-May-22 13-Jan-22
Paid 17-Jun-22 10-Feb-22
Amount 6.30p 11.63p

Trades for 01-Jul-2022

Time Volume / Share Price
16:45 9,069 @ 632.80p
16:45 9,069 @ 632.80p
16:45 6,257 @ 632.80p
16:45 6,257 @ 632.80p
16:35 554,511 @ 634.20p

Sage Key Personnel

CFO Jonathan Howell
CEO Steve Hare
Chair Andrew Duff

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