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Capgemini on track for worst day in 4 years after guidance cut



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** Shares in Capgemini CAPP.PA drop around 10% to their lowest since November after the French IT group downgraded its revenue growth forecast for the year, citing a downturn in the automotive and aerospace sectors

** J.P.Morgan says the lower guidance will likely result in about 2% cut to 2024 consensus and about 4% potential cut to 2025 EBIT/EPS consensus

** The group now sees revenue growth of between -0.5% and -1.5%, down from 0-3% seen previously

** Financial services are also expected to have a slower-than-expected recovery, CEO Aiman Ezzat said in a statement

** If losses hold, the shares will see theirworst day since March 2020



Reporting by Dimitri Rhodes

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