1045 GMT - Capgemini might be affected by U.S. tariffs, UBS analysts write in a note. The French consulting and technology group generated 28% of its sales from North America last year and the impact of U.S. federal actions and regulations is negligible, the analysts say. However, the company serves many industrial customers in the U.S. and elsewhere that might be affected by tariffs, they say. "Group-wide 27% of sales last year came from manufacturing, with around 8% each in automotive and aerospace," they say. The Swiss bank expects a 2.7% organic decline in sales for the first quarter and a 1.9% decline for the first half before a return to growth in second half. Share fall 4.8% to 122.15 euros. (najat.kantouar@wsj.com)

(END) Dow Jones Newswires

April 07, 2025 06:45 ET (10:45 GMT)

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