Report
Christophe Chaput

Teleperformance : Solid Q1 2020 sales. Management reassures about Q2, with recovery in H2. But margins set to contract in H1

>Solid Q1 sales, up 6.2% LFL vs. cons. +2.5% - Group first-quarter sales tallied with our estimates, rising by 6.4% to € 1,352m (€1,354m) to beat the consensus (+2.5% at € 1,303m). Like-for-like sales were up 6.2% (6.5% estimated; cons. 2.4%), which is a solid result bearing in mind that January/February both saw LFL increases above 7% while March was flat. By business line, we note strong growth in Core & DIBS (+6.8% LFL), driven ahead by Iberico-Latam (+18.1% LFL). ...
Underlying
Teleperformance SE

Teleperformance is engaged in outsourced customer experience management. Co. delivers integrated solutions to corporations and administrative bodies worldwide to manage all aspects of the customer-relations cycle on their behalf. Co.'s activities include four core business areas: customer care (these are services provided as part of customer service management); technical support; debt collection; and business information and marketing actions. As of Dec. 31, 2013, Co. had approximately 110,000 computerized workstations across 46 countries. Co.'s client includes industries like Telecoms, Internet, Financial services, Technology/media, Insurance, Government sector and Utilities.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Christophe Chaput

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