>H1 2023 slightly above expectations (EBITDA at € 177m vs € 174.4m est.) - Majorel just published its H1 results which came in slightly above expectations. In detail, we note: 1/ net revenues up 8% y-o-y to € 1,058m vs ODDO BHF: € 1,044.2m; Css: € 1,035.8m, (Q1 2023: +11.5%). Excluding M&A and Covid-19 revenues, H1 l-f-l growth stood at +10% y-o-y (+15% l-f-l in Q1). By region, we note: EASA (72% of net revenues): +11% l-f-l (+14% in Q1), GEMS (22% of net revenues): +...
>H1 2023 slightly above expectations (EBITDA at € 177m vs € 174.4m est.) - Majorel just published its H1 results which came in slightly above expectations. In detail, we note: 1/ net revenues up 8% y-o-y to € 1,058m vs ODDO BHF: € 1,044.2m; Css: € 1,035.8m, (Q1 2023: +11.5%). Excluding M&A and Covid-19 revenues, H1 l-f-l growth stood at +10% y-o-y (+15% l-f-l in Q1). By region, we note: EASA (72% of net revenues): +11% l-f-l (+14% in Q1), GEMS (22% of net revenues): +...
EQS-News: Majorel Group Luxembourg S.A. / Key word(s): Half Year Results/Half Year Report Majorel Group Luxembourg S.A. : Majorel to publish H1 2023 results and interim financial report 22.08.2023 / 08:00 CET/CEST The issuer is solely responsible for the content of this announcement. News Release Majorel to publish H1 2023 results and interim financial report Luxembourg, August 22, 2023: Majorel Group Luxembourg S.A. (Euronext Amsterdam: MAJ) (“Majorel”, the ‘’Company”), a global customer experience (CX) leader, will publish its H1 2023 results and interim financial ...
EQS-News: Majorel Group Luxembourg S.A. / Key word(s): Miscellaneous/Miscellaneous Majorel Group Luxembourg S.A. : Majorel launches Majorel Infinity as a platform for digital consumer engagement services 17.08.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. Press Release Majorel launches Majorel Infinity as a platform for digital consumer engagement services Luxembourg, August 17, 2023: Majorel Group Luxembourg S.A. (Euronext Amsterdam: MAJ) (“Majorel”, the ‘’Company”), a global customer experience (CX) leader, today anno...
EQS-News: Majorel Group Luxembourg S.A. / Key word(s): AGM/EGM/AGM/EGM Majorel Group Luxembourg S.A. : Annual General Meeting 22.06.2023 / 16:00 CET/CEST The issuer is solely responsible for the content of this announcement. News Release Annual General Meeting Luxembourg, June 22, 2023: Majorel Group Luxembourg S.A. (Euronext Amsterdam: MAJ) (“Majorel”, the ‘’Company”), a global customer experience (CX) leader, held its Annual General Meeting (“AGM”) today. The AGM approved by a large majority the statutory and consolidated accounts as at December 31, 2022 and all pro...
>Q1 net revenue 7% above expectations at € 535m, +11%; +15% l-f-l growth - Majorel just published a good Q1 trading update with net revenues +7% above our expectations. In detail we note: 1/ Q1 2023 net revenues increased by 11% y-o-y to € 535m (ODDO BHF: € 497.3m). Excluding M&A and Covid-related business, Q1 l-f-l growth stood at +15% y-o-y (after +19% in Q4 2022) which is satisfactory, driven by strong growth with existing clients, mainly in the target vertic...
>Q1 net revenue 7% above expectations at € 535m, +11%; +15% l-f-l growth - Majorel just published a good Q1 trading update with net revenues +7% above our expectations. In detail we note: 1/ Q1 2023 net revenues increased by 11% y-o-y to € 535m (ODDO BHF: € 497.3m). Excluding M&A and Covid-related business, Q1 l-f-l growth stood at +15% y-o-y (after +19% in Q4 2022) which is satisfactory, driven by strong growth with existing clients, mainly in the target vertic...
>Majorel: takeover offer by Téléperformance - Details of the deal - In a press release published yesterday, Majorel announced it received a voluntary offer from Téléperformance (the industry leader with market share of 7%) to acquire all of Majorel's shares (i.e. 100m shares) in cash and shares. Téléperformance valued Majorel's equity at € 3bn (€ 30 per share). In detail, Majorel shareholders can choose to receive a cash payment, based on € 30/share (excluding di...
>Majorel : offre de rachat par Téléperformance - Détails de l’opération - Dans un communiqué publié hier, Majorel annonce avoir reçu de la part de Téléperformance (leader du secteur avec un PdM de 7%) une offre volontaire d’acquisition en cash et en titres pour l’intégralité des actions de Majorel (soit 100M actions). Téléperformance valorise les capitaux propres de Majorel à 3.0 Md€ (soit 30 €/action). Dans le détail, les actionnaires de Majorel peuvent choisir ...
The collapse of Silicon Valley Bank and Signature Bank are not isolated events, in our view. They reflect the refinancing difficulties of the global economic fabric caused by higher interest rates, which could cause systemic global banking stress. In our sectoral allocation, we have decided to take profits on the banking sector and to downgrade it from Overweight to Underweight. We are also upgrading Pharmaceuticals and Telecoms to give a more defensive profile to our sectoral allocat...
Selon nous, la faillite de la Silicon Valley Bank et de la Signature Bank ne sont pas des événements isolés. Ils témoignent des difficultés de refinancement du tissu économique mondial provoqué par la hausse des taux, qui pourrait entrainer un stress systémique bancaire mondial. Dans notre allocation sectorielle, nous décidons de prendre nos profits sur le secteur bancaire et de passer d’un rating Surpondérer à Sous-pondérer. Nous upgradons également la Pharmacie et les Télécoms - pou...
>Good execution of medium-term strategy - The group yesterday held a conference call to present its full-year 2022 results, which were characterised by l-f-l growth in net revenues (ex M&A and impact of contracts related to Covid-19) of 19% vs 16% in 2021, with the decline in Covid contracts offset by the positive contribution from bolt-ons in 2022. In 2022, net revenues came to € 2.08bn, with: +€ 47m from the consolidation of Mayen, Alembo, Findasense and IST; € 50m...
>Bonne exécution de la stratégie MT - Le groupe a tenu hier une conférence téléphonique pour commenter les résultats annuels 2022, qui rappelons-le se sont caractérisés par une croissance l-f-l des revenus nets (hors M&A et impact contrats liés au COVID-19) de l’ordre de 19% vs 16% en 2021, la baisse des contrats COVID a été compensée par la contribution positive des bolt-ons réalisées en 2022. En 2022, les revenus nets ont atteint 2 080 M€, dont : +47 M€ liés à la co...
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